US MIDDAY: sugar at fresh 30-year peak

ICE raw sugar futures rose to a fresh 30-year peak on Wednesday due to tight supplies, while ICE cocoa fell after data on bean arrivals showed ample supplies were getting through despite a power struggle in Ivory Coast. ICE March raw sugar was up 0.34 cent or 1 percent at 34.73 cents a lb in a modest volume of 11,554 lots at 1604 GMT, having earlier touched a fresh 30-year peak of 34.77 cents a lb.
ICE May cocoa traded $23 or 0.8 percent lower at $3,059 a tonne in thin volume of 914 lots at 1606 GMT. ICE second-month arabicas were up 0.35 cent or 0.2 percent at $2.4100 a lb at 1608 GMT. London second-month robustas were up $27 or 1.4 percent at $2,024 per tonne in light volume of 11,035 lots.