SOFTS-Raw sugar turns higher, arabica falls on currency pressure

martes 7 de abril de 2015 13:55 GYT

* Raw sugar volume more than double the average

* Arabica open interest falls from record high

* Cocoa trade eyes next week's grind data (Rewrites paragraph 1, updates prices; adds broker comment, second byline, NEW YORK dateline)

By Marcy Nicholson and David Brough

NEW YORK/LONDON, April 7 (Reuters) - Raw sugar futures on ICE rallied on Tuesday, turning higher on heavy May/July spreading and concern that nearby supplies may be tightening, while the rallying U.S. dollar pushed arabica coffee futures down from a six-week high.

New York cocoa fell on pressure from the strong U.S. dollar , breaking a four-day streak higher.

The ICE Futures Europe markets reopened after shutting for a four-day long Easter weekend.

Raw sugar futures turned higher on a lack of follow-through selling, traders said.

May raw sugar futures on ICE settled up 0.23 cent, or 1.8 percent, at 12.77 cents a lb. Total volume exceeded 216,000 lots, more than double the 250-day average, preliminary Thomson Reuters data showed.   Continuación...