Raw sugar falls to near two-year low, robusta rises
Updates prices
LONDON, Aug 20 (Reuters) -Raw sugar futures fell to the lowest levels in nearly two years on Tuesday, weighed down by fund selling, while robusta coffee prices hit a one-month high.
SUGAR
* October raw sugar SBc1 fell 1.8% to 17.69 cents per lb by 1400GMT after slumping to a low of 17.56 cents, the weakest level since October 2022.
* Dealers said concerns about sluggish demand from China, one of the world's largest sugar importers, and recent weakness in crude oil prices helped to exert downward pressure on prices.
* October white sugar LSUc1 fell 1.3% to $506.80 a ton.
COFFEE
* November robusta coffee LRCc2 rose 2.1% to $4,571 a ton after setting a one-month peak of $4,613.
* Dealers said exports from the largest robusta producer Vietnam remain slow, while there was talk that farmers in Indonesia were holding onto stocks in the hope that prices may rise further.
* December arabica coffee KCc2 rose 1.7% to $2.4860 per lb boosted by concern that further dry weather in Brazil could stress trees and have an adverse impact on the flowering of the 2025/26 crop.
COCOA
* December New York cocoa CCc2 rose 2.5% to $7,521 a ton.
* Dealers said the market was keeping a close watch on the weather in West Africa ahead of the next main crop which is due to start in October.
* Above average rains boosted the development of the October to March main crop in most of Ivory Coast's main cocoa growing regions last week although cooler temperatures raised some concerns, farmers said on Monday.
* December London cocoa LCCc2 rose 0.7% to 5,504 pounds a ton.
Reporting by Nigel Hunt; Editing by Shounak Dasgupta and David Evans
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