Raw sugar consolidates after touching its highest in nearly two weeks
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LONDON, July 30 (Reuters) -Raw sugar futures on ICE were consolidating on Tuesday after climbing to their highest in nearly two weeks as dry weather in top producer Brazil remains a concern.
SUGAR
* October raw sugar SBc1 was down 0.2% at 18.98 cents per lb by 1325 GMT after peaking at 19.08 cents for its highest in nearly two weeks.
* Dealers said there are concerns about dry weather in Brazil, with key coffee areas unlikely to receive significant rainfall in the next few days.
* India's sugar production could fall by 2% year on year to 33.3 million metric tons in the 2024/25 marketing year, a leading trade body said on Tuesday, citing reduced planting areas in some states because of last year's drought.
* October white sugar LSUc1 rose 0.2% to $537.70 a ton.
COFFEE
* September robusta coffee LRCc1 was up 0.7% at $4,295 a ton, underpinned by a decline in exports from Vietnam.
* Vietnam exported 70,000 metric tons of coffee in July, down 35.7% year on year, initial government data showed on Monday.
* "Poor weather conditions are largely behind these lower volumes," ING said in a note.
* September arabica coffee KCc1 rose 0.6% to $2.3185 per lb.
* Coffee trees in top grower Brazil are still healthy despite a long dry spell in producing areas, which could lead to a good crop in 2025 once rains return, according to a survey of farmers published by Coffee Trading Academy.
COCOA
* September New York cocoa CCc1 rose 3.6% to $7,996 a ton in a choppy market.
* Dealers said the weather in Ivory Coast remained generally favourable, boosting the outlook for 2024/25 crops.
* Sunny spells mixed with light rains last weekend gave a boost to the next October-to-March main crop, farmers from most of Ivory Coast's main cocoa-growing regions said on Monday.
* September London cocoa LCCc1 rose 2.6% to 6,495 pounds a ton.
Reporting by Nigel Hunt
Editing by Sonia Cheema and David Goodman
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