Raw sugar prices rise

Reuters

LONDON: Raw sugar futures on ICE were higher on Friday, boosted by gains in crude oil and many other commodity markets, while arabica coffee prices eased, weighed down by excess supplies.

July raw sugar was up 0.19 cents, or 1.6%, at 12.08 cents per lb at 1346 GMT, climbing towards a three-month high of 12.27 cents set earlier this month.

August white sugar fell $3.10, or 0.8%, to $368.10 a tonne. September arabica coffee fell 0.75 cents, or 0.8%, to 96 cents per lb, having hit a nine-month low of 94.55 cents on Monday. September robusta coffee fell $8, or 0.7%, to $1,156 a tonne.

September London cocoa rose 2 pounds, or 0.1%, to 1,703 pounds per tonne, extending its rebound from a more than one-year low of 1,663 pounds set earlier this week. September New York cocoa rose $1, or 0.04%, to $2,271 a tonne.