SOFTS-Coffee, sugar fall on producer selling, cocoa eyes expiry

viernes 14 de marzo de 2014 08:57 GYT

* Small delivery seen against London cocoa expiry

* Arabica prices are up around 80 percent this year

By David Brough

LONDON, March 14 (Reuters) - Arabica coffee and raw sugar futures on ICE fell on Friday after reaching highs earlier this month that have prompted selling by producers and speculators to lock in months of gains.

Cocoa edged up as traders focused on expiry of the London March contract.

Arabica coffee prices have surged around 80 percent so far this year, fuelled by concerns over the impact of unseasonably dry weather in Brazil on crops.

May arabica coffee futures on ICE were down 2.85 cents or 1.4 percent at $2.0310 per lb by 1248 GMT. It peaked at $2.0975 on Wednesday, the highest level since February 2012, and then slipped back on Thursday.

"The lower price (on Thursday) has forced more people to fix contracts", before prices fall further, one London-based coffee futures broker said.

Robusta May coffee futures on Liffe were flat at $2,189 a tonne. The second position peaked at $2,218 on Wednesday, a 17-month high.   Continuación...