LONDON: Raw sugar futures on ICE rose on Monday, with the market boosted by the prospect of poor crops in several countries including Thailand, while cocoa prices were lower.
October raw sugar was up 0.1 cent, or 0.8%, to 13.20 cents per lb at 1427 GMT, climbing towards Friday's five-month high of 13.28 cents.
The market has been boosted by declining production prospects in Thailand, Russia and the European Union, as well as stronger than expected demand from China.
"The lower EU beet crop and Thai cane crop continue to get plenty of attention and some are also now waking up to a strengthening La Nina event which still may not be of the magnitude of 2011 (but that won't stop parallels being drawn)," analysts Green Pool said in a report.
Sugar prices surged to the highest level in around 30 years in early 2011, boosted partly by a strong La Nina event which led to a drought in top producer Brazil.
October white sugar rose $0.20, or 0.05%, to $381.40 per tonne.
December New York cocoa fell $23, or 0.9%, to $2,431 a tonne.
Below average rainfall last week in most of top grower Ivory Coast's cocoa regions is expected to support the development of the upcoming main crop, with harvesting set to begin early, farmers said on Monday.
December London cocoa fell 19 pounds, or 1.1%, to 1,669 pounds per tonne.
December arabica coffee rose 0.40 cent, or 0.3%, to $1.1685 per lb. November robusta coffee fell $5, or 0.4%, to $1,379 a tonne.
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