Raw sugar futures on ICE closed down after earlier hitting a two-week high as selling in top grower Brazil dried up and oil prices rallied.Coffee and cocoa algo posted losses.SUGAR* Raw sugar settled down 0.1 cent, or 0.7%, at 13.83 cents per lb, having hit its highest since April 9 at 14.15 cents per lb. The contract gained 4.6% last week.* 'It would appear origin has finished (panic selling) and is waiting for a higher level…
Robusta coffee edged up on Monday, consolidating last week's 2% gains in quiet trade with U.S. markets closed for Martin Luther King Jr. Day, while London cocoa headed lower.COFFEE* Robusta coffee closed up 0.3% at $4,013 a metric ton, having gained 2% last week…
