US MIDDAY: sugar and coffee drop

Sugar and coffee futures fell on Monday, weighed down by mounting risk aversion among investors due to the deepening debt crisis in the eurozone and the potential for a US debt default. Volume though was light in New York soft commodities, ranging from 40 percent to two-thirds below the 30-day norm near 1 pm EDT (1700 GMT), Thomson Reuters preliminary data showed.
New York's October raw sugar contract fell 0.21 cent to trade at 28.76 cents per lb at 12:47 pm EDT (1647 GMT). ICE September arabica futures fell 4.20 cents to trade at $2.4935 per lb at 12:50 pm New York's September cocoa contract lost $9 to end at $3,159 per tonne.