Raw sugar futures on ICE were lower on Tuesday, pressured by India's decision to scrap an export tax that to concerns about oversupply, though prices held above the prior session's 2-1/2-year low. Cocoa rebounded from the prior session's tumble. May raw sugar settled down 0.33 cent, or 2.6 percent, at 12.56 cents per lb.
The front month slid to a 2-1/2 year low of 12.30 cents on Monday before rebounding sharply on short covering. May white sugar settled down $6.80, or 1.9 percent, at $349.80 per tonne.
May New York cocoa settled up $35, or 1.4 percent, at $2,480 per tonne, largely erasing the losses of the prior session when it fell more than 3 percent, its biggest one-day tumble this year. May London cocoa settled up 25 pounds, or 1.4 percent, at 1,756 pounds per tonne
May robusta coffee settled down $3, or 0.2 percent, at $1,754 per tonne. May arabica coffee settled down 0.4 cent, or 0.3 percent, at $1.1895 per lb.