March 14, 2012 / 11:38 AM / 5 years ago

NY sugar, coffee and cocoa fall as dollar rises

March 14 (Reuters) - Raw sugar, arabica coffee and
cocoa futures dropped Wednesday as a firmer dollar pressured the
entire softs complex in initial dealings.   	
    For news on other financial markets, please click on:   	
      ]     	
        	
 7:31 AM        LAST    NET     PCT      LOW    HIGH  CURRENT
               TRADE   CHNG    CHNG                       VOL
 Sugar MAY     24.01  -0.12   -0.5%    23.85   24.10    4,231
 Sugar JUL     23.07  -0.14   -0.6%    22.95   23.15    3,172
 
 Cocoa MAY     2,349    -23   -1.0%    2,345   2,379    1,258
 
 Coffee MAY   184.90  -1.25   -0.7%   184.25  185.80      831
                                                             
 TOTAL MARKET              VOLUME          
                CURRENT   30D AVG  250D AVG
 ICE SUGAR        9,130   113,650    88,516
 ICE COCOA        2,956    23,774    19,013
 ICE COFFEE       1,186    24,502    19,769
                                                             
 * Raw sugar futures for May        fell 0.12 cent to 24.01 
 cents a lb in volume of 4,231 lots, trading in a range of 
 23.85 to 24.10. July        fell 0.14 cent to 23.07 cents a 
 lb.
 * Cocoa futures for March        were unchanged at $0 a 
 tonne in volume of  lots, trading in a range of $0 to $0. 
 May        fell $23 to $2,349 a tonne.
 * Arabica coffee futures for March        were unchanged at 
 $0.0000 a lb in volume of  lots, trading in a range of 
 $0.0000 to $0.0000. May        fell 1.25 cents to $1.8490 a 
 lb.
 	
    MARKET NEWS 	
    * For more details in the daily softs market report, please
click on: 	
        	
    FUNDAMENTALS   	
    * The European Commission will meet demands for increased
raw sugar supplies by proposing additional imports of raw sugar
and sales of EU out-of-quota sugar at reduced duties. 
 	
    * Ghana's cocoa production this season will rival last
year's record 1 million tonne crop due to improved weather and
farming tecniques. 	
    * Commodities broker Marex Spectron said the 2012/13 coffee
output will exceed demand by only 1.0 ot 2.0 million 60-kg bags,
which it believes is a below trend surplus for an on-year cycle
in the crop of top producer Brazil. 	
    	
    ECONOMY	
    * U.S. import-export prices for February. 8:30 a.m. EDT
(1230 GMT) 	
    * U.S. Fourth Quarter current account deficit. 8:30 a.m. EDT	
     	
    MARKETS 	
    * World shares rose on a sunny economic outlook for the U.S.
whose banks passed stress tests. 	
    * Crude oil dipped on expectations for an increase in U.S.
crude stockpiles. 	
    * Gold retreated in the face of an advancing dollar. 	
	
 (Reporting by Rene Pastor; Editing by Alden Bentley)

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