SOFTS-Arabica coffee prices rise, cocoa falls



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    (Updates prices and market activity, adds comments, NEW YORK to
deadline)
NEW YORK / LONDON, July 9 (Reuters) - The future of arabica coffee
on ICE climbed Tuesday, regaining ground after a steep descent
losses during the previous session as dealers were still evaluating
the impact of last weekend's freeze on Brazil, a growing country,
cocoa prices have fallen from the one - year highs.

COFFEE
* The arabica coffee of September has stabilized at 1.05 cent, or
1% at $ 1.0745 per pound after more than 4% loss in the
previous session.
* The market was still working last weekend
freezing of crops in Brazil, with some traders seeing the
impact as minimal as others while others were still uncertain
impact and expects more information from the producers.
* The Brazilian company Cooxupe, the largest coffee cooperative in the world,
said that he would issue a report Wednesday with his first
badessment of reported frosts in coffee growing areas
weekend.
* The market had reached a high of $ 1.1565 over seven months
Friday in anticipation of the freeze.
* Nevertheless, market fundamentals have remained bearish, brokers said,
with global consumption rising but not fast enough to absorb
increased production in recent years, especially in Brazil.
* "The increase (in consumption) is still low and the
great availability of coffee in the coming months is likely to
keep the bearish feeling alive for the moment, "said Stefan
Uhlenbrock, Senior Commodity Analyst at IHS Markit & # 39; s
Agribusiness intelligence.
* Robusta coffee from September has stabilized up to $ 10, or 0.7%,
at $ 1,436 per tonne.

COCOA
* September cocoa in New York stabilized at $ 55, or 2.1%,
$ 2,522 per tonne, after peaking in one year at $ 2,589
the previous session.
* September cocoa in London set 38 pounds, or
2%, at 1,897 pounds per tonne, down from Monday
more than 1 year of 1,939 pounds.
* Dealers expected clarity on a map of the best producers Ivory
Coast and Ghana to set a floor price of $ 2,600 per tonne
their beans.

SUGAR
* October's raw sugar decreased by 0.1 cents, or 0.8%.
at 12.35 cents per lb
* Dealers reported damage to the cane from weekend jellies
Brazil was probably minor despite a clearer badessment
expected by the end of this week.
* August white sugar stabilized at $ 2.20, or 0.7%,
at $ 319.30 per tonne. Previous prices plunged to $ 318.20, in the
2019 low strike distance of $ 318.10 set in May.
* Indonesia will reduce tariffs on India's sugar as part of
efforts to help facilitate imports of the sweetener, Indonesia
Trade Minister told his counterpart in New Delhi, the Indian
The government said Tuesday in a statement.

(Report by Ayenat Mersie in New York and Nigel Hunt in
London; edited by Edmund Blair and Grant McCool)
  
Our standards:The principles of Thomson Reuters Trust.
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