Sugar futures closed lower on Monday, as top producer Brazil began its harvest, while cocoa finished firm as violent conflict mounted in Ivory Coast. Coffee prices were lower, with selling largely driven by bearish technical indicators, even as many sat on the sidelines following recent volatile moves. Volume was thin across the board.
May raw sugar futures on ICE slid dropped 0.81 cent or 3 percent to finish at 27.05 May cocoa on ICE rose $6 to settle at $3,248 a tonne. May arabica coffee fell 4.65 cents or 1.7 percent to settle at $2.6395 per lb.