US MIDDAY: coffee, sugar and cocoa fall

31 Oct, 2009

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Friday. December arabica coffee contract fell 1.70 cents to $1.3505 per lb at 11:06 am EDT (1506 GMT). Session range from $1.3465 to $1.3850. Moved lower on pressure from the strong US dollar, said brokers. March raw sugar contract dropped 0.29 cent at 22.52 cents per lb at 11:06 am.
Trading range 22.40 to 22.90 cents. Sugar stumbled on investor sales brought on, in part, by the firmer dollar. Dealings were very light though, said traders. Benchmark December cocoa contract was $35 lower at $3,320 per tonne by 11:07 am. Trading from $3,305 and $3,347. US cocoa lower in tandem with the weak pound against the dollar, moving sideways after falling from last week's 30-year high for the spot contract at $3,412 per tonne, said traders.

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