US MIDDAY: sugar and coffee stable

Sugar and coffee futures on ICE stabilised early on Tuesday, consolidating after risk aversion triggered by the worsening euro zone and US debt crisis dragged on commodities during the previous session. Cocoa futures were mixed, remaining rangebound as dealers awaited clarity on the 2011/12 supply outlook.
October raw sugar on ICE was up 0.03 cent or 0.1 percent at 28.97 cents a lb at 1402 GMT. The front month set a contract high of 31.33 cents last week. September arabica coffee on ICE rose 2.6 cents or 1.1 percent to $2.5080 per lb. September cocoa on ICE rose $14 or 0.4 percent to $3,173 a tonne.