Raw sugar prices fall on improving outlook for Asia crops
Adds background, updates prices
LONDON, Aug 15 (Reuters) -Raw sugar futures were lower on Thursday, slipping back towards a near-two year low set earlier this month, while coffee and cocoa prices rose.
SUGAR
* October raw sugar SBc1 fell 0.7% to 17.84 cents per lb by 1359 GMT. The front month had set a near two-year low of 17.64 cents earlier this month.
* Dealers said the outlook for cane crops in India had been boosted by comparatively strong monsoon rains, while prospects in Thailand had also been improving.
* In the key centre-south region of Brazil, however, yields in the current harvest have been declining and look set to fall further in coming weeks.
* October white sugar LSUc1 fell 0.6% to $512.20 a metric ton.
* Ukraine's 2024 sugar beet harvest may fall to 10 million metric tons from around 12 million in 2023, agriculture consultancy APK-Inform said on Thursday, citing state weather forecasters.
COFFEE
* November robusta coffee LRCc2 rose 1.2% to $4,340 a ton.
* Dealers said exports from top robusta producer Vietnam remained well below last season's pace and there was unlikely to be a significant pick up until the new season which officially started in October, although beans don't normally arrive in bulk until November.
* The impact has, however, been partially offset by a rise in robusta exports from Brazil.
* December arabica coffee KCc2 rose 0.9% to $2.3670 per lb.
COCOA
* December New York cocoa CCc2 rose 2.5% to $7,143 a ton.
* Dealers noted crop disease and illegal mining remain major concerns in Ghana, limiting the scope for any recovery in production in the upcoming 2024/25 season.
* December London cocoa LCCc2 rose 1.1% to 5,424 pounds a ton.
Reporting by Nigel Hunt; Editing by David Holmes and Shounak Dasgupta
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