Cocoa futures on ICE fell to two-week lows on Monday, extending last week's losses after retreating from a 3-1/2-month peak, while raw sugar prices also declined.COCOA* London cocoa was down 6.2% at 2,845 pounds a metric ton at 1542 GMT, after having hit its lowest since May 5 at 2,821 pounds.* The contract hit a 3-1/2-month high of 3,549 pounds last Tuesday, but has since retreated.* Dealers cited reports that top grower Ivory Coast's harvest will come in at 2…
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…
Raw sugar futures on ICE fell on Monday after oil prices slumped following comments from U.S. President Donald Trump that he would postpone any strikes on Iranian power plants and energy infrastructure.Falling energy prices can prompt cane mills…
World sugar prices headed higher on Monday on fears the U.S.-Israel war against Iran, which is disrupting global energy supplies, will prompt Brazilian cane mills to produce more ethanol and less sugar.Ethanol is a cane-based biofuel. If mills…
