Sugar falls

ICE raw sugar edged down early on Thursday from this week's 30-year peak as high prices were seen reducing cash demand. Arabica coffee futures drifted further from last week's 13-1/2-year high, although buoyed by limited availability of high-quality Colombian beans, while ICE cocoa fell as concerns over the supply pipeline from Ivory Coast eased despite a power struggle.
ICE second-month arabicas were down 1.8 cent or 0.75 percent at $2.3920 a lb. ICE March raw sugar was down 0.19 cent or 0.6 percent at 33.64 cents a lb at 1527 GMT. ICE May cocoa traded $40 or 1.3 percent lower at $3,041 a tonne in slim volume of 287 lots.