Robusta coffee futures ease, cocoa also lower
Adds background, updates prices
LONDON, July 15 (Reuters) -Robusta coffee futures on ICE easedon Monday, slipping back from last week'srecord high, while cocoa prices also fell.
COFFEE
* September robusta coffee LRCc2 fell 0.8% to $4,579a metric ton by 1352GMT. The market set a record high of $4,681 last week.
* Dealers said concerns about dry weather in Brazil had also helped to fuel the recent run-up in prices.
* "Slow exports from Vietnam ... and below-average rainfall in the Brazilian state of Minas Gerais in June have underpinned bullish sentiment," BMI said in a note.
* September arabica coffee KCc2 fell 2.2% to $2.4335per lb, slipping further from last week's 2-1/2 year high of $2.5530.
* Speculators raised their bullish bets in arabica coffee futures on ICE U.S. in the week to July 9, the Commodity Futures Trading Commission said on Friday.
COCOA
* September London cocoa LCCc2 fell 1.6% to 6,723 pounds aton.
* Dealers said that second-quarter grind data due from North America and Asia in the next few days should provide an indication on the extent to which high prices have curtailed demand.
* Supplies remained tight after poor crops in both Ivory Coast and Ghana.
* Main-crop cocoa arrivals at ports in top grower Ivory Coast since the start of the season on Oct. 1 had reached 1.630 million tons by July 14, down 27.4% from the same period last season, exporters estimated on Monday
* September New York cocoa CCc2 was down 2.9% at $8,080 a ton.
* Trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market, six industry sources told Reuters.
SUGAR
* October raw sugar SBc1 rose 2.1% to 19.61per lb.
* August white sugar LSUc1, which expires on Tuesday, rose 2.8% to $563.10 a ton.
* Dealers said a small delivery was expected against August, possibly including sugar from Poland.
Reporting by Nigel Hunt
Editing by David Goodman and Sharon Singleton
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