LONDON, Aug 14 (Reuters) - Raw sugar futures on ICE rose on Tuesday, edging up from three-year lows as worries over weather in top grower Brazil lent some support, while New York cocoa retreated.
* October raw sugar was up 0.11 cent, or 1.1 percent, at 10.41 cents per lb by 1111 GMT, after rising to 10.45 cents.
* On Monday, prices fell to their lowest in three years amid a further plunge in the Brazilian real and a broader decline in commodities, as the Turkish lira’s crash rattled investors.
* Notably, Monday’s plunge was more pronounced in the spot raws contract, which pushed the October/March spread to above one cent and attracted some light buying, dealers said.
* Prices were also supported by further concerns about weather in Brazil, after a cold front pushed through the Centre-South cane region over the weekend.
* “Light frosts were observed in scattered areas across the states of Parana, Mato Grosso do Sul, Sao Paulo and Minas Gerais,” Marex Spectron said in an update. “However, we believe this cold spell will be a short-lived event with a low potential for damaging crops.”
* Brazil, the world’s top sugar producer, has already seen its output dented this season by prolonged dry weather.
* Brazil’s farmers are ditching sugar and planting more soy, as intensifying U.S.-China trade tensions boost demand.
* October white sugar rose $2.50, or 0.8 percent, to $313.30 a tonne.
* December New York cocoa fell $12, or 0.6 percent, to $2,136 a tonne, partly giving up the prior day’s gains.
* Dealers pegged Monday’s buying on speculators protecting long positions.
* The market has been pressured in recent weeks by long liquidation and data showed on Friday speculators switched to a net short position in the week to Aug. 7.
* However, speculative buying had petered out on Tuesday and activity was subdued, dealers said.
* December London cocoa fell 3 pounds, or 0.2 percent, to 1,601 pounds a tonne.
* December arabica coffee was up 0.15 cent, or 0.14 percent, at $1.0945 per lb.
* The market plunged to $1.0745, a three-week trough and a contract low for December in the prior session, also weighed down by the sharp decline in the Brazilian real.
* However, corrective buying lifted prices above these lows ahead of the close, improving the technical structure.
* September robusta coffee rose $6, or 0.4 percent, at $1,673 a tonne. (Reporting by Ana Ionova; editing by David Evans)