SOFTS-Sugar edges down to 2009 lows, cocoa at 8-week trough

martes 31 de marzo de 2015 15:03 GYT

* Arabica marks weakest quarter since 2000

* New CME cocoa contract sees 168 lots trade

* New ICE cocoa contract trades for first time on day two (Updates prices; adds trade comment, NEW YORK dateline, second byline)

By Marcy Nicholson and David Brough

NEW YORK/LONDON, March 31 (Reuters) - Raw sugar on ICE inched down to its lowest in more than six years on Tuesday as abundant supplies continued to weigh on prices, while cocoa slipped to eight-week lows on favorable weather before the start of West African mid crops.

Activity in the second day of trading of two new euro-based cocoa contracts was again quiet.

Arabica coffee futures corrected higher after a 4 percent fall on chart-based pressure in the prior session, but closed the first quarter down 20 percent, its weakest since the fourth quarter of 2000.

Raw sugar futures on ICE fell to 11.91 cents a lb in early trading, the lowest level since January 2009, and later settled down 0.06 cent, or 0.5 percent, at 11.93 cents per lb.

Nick Penney, a senior trader with Sucden Financial, said a firmer dollar also weighed on sugar futures prices.   Continuación...