US MIDDAY: sugar climbs

Sugar futures climbed Friday as the sweetener defied early losses inflicted by poor US jobs data due to rising concern a small cane crop in top producer Brazil will shrink further this season. Coffee and cocoa reeled from the horrid US jobs number although most analysts feel the rise in cocoa was overdone and it was due for a profit-taking setback.
New York's October raw sugar contract rose 0.03 cent to trade at 29.55 cents per lb at 12:20 pm EDT (1620 GMT). New York's September cocoa contract fell $95 to close at $3,091 per tonne. ICE September arabica futures lost 4.10 cents to trade at $2.645 per lb at 12:22 pm.