SOFTS-Raw sugar falls after record delivery, cocoa turns lower

viernes 1 de mayo de 2015 14:06 GYT

* Wilmar bought record 1.9 mln tonnes of May raw sugar

* NY cocoa rises for five straight weeks

* Arabica coffee drops as roasters appear well covered (Adds details to paragraph 1, updates prices; adds trade comment, second byline, NEW YORK dateline)

By Marcy Nicholson and David Brough

NEW YORK/LONDON, May 1 (Reuters) - Raw sugar futures on ICE fell 2 percent on Friday, pressured by a record delivery and the firm U.S. dollar, while New York cocoa fell sharply from an eight-week high on pressure from the weak pound, creating a technical formation that attracted selling.

Coffee futures also fell. The softs complex dropped along with the 19-commodity Thomson Reuters/CoreCommodity CRB Index , which saw its biggest one-day drop in more than three weeks.

In sugar, ICE Futures U.S. confirmed on Friday that 1.9 million tonnes of raw sugar was to be delivered against the May contract, with traders identifying Wilmar International Ltd as the sole buyer of the record amount.

"The potential significance, apart from the size, is that Wilmar could probably be regarded as strong a receiver as any company - and stronger than most," said Michael Liddiard, consultant with Agrilion.

He said the company had access to substantial refining capacity around the world, notably in Asia.   Continuación...