* U.S. Commitments of Traders report due later on Friday
* Sugar market shifts into deficit after years of surpluses
By David Brough
LONDON, Jan 8 (Reuters) - Raw sugar futures on ICE edged up again on Friday, underpinned by reduced prospects for Indian exports and tight supplies of white sugar, while arabica coffee and cocoa rose in a technical correction.
March raw sugar was up 0.06 cent, or 0.4 percent, at 14.81 cents per lb at 1247 GMT, having risen earlier this week against the tide of other commodities swept lower amid turmoil in Chinese financial markets.
The global sugar market was shifting into deficit after several years of surpluses, dealers said.
March white sugar was little changed, trading down $0.60, or 0.1 percent, at $428.20 per tonne, having jumped on Thursday to the highest since November 2014 at $432.70.
“Values are hovering either side of unchanged,” said Nick Penney, senior trader at Sucden Financial Sugar.
“We feel that having survived the storms early in the week, the wind is set fair for sugar to break out through 15 cents once again,” Penney added.
He said he expected a slight fall in the net long position held by speculators in the next U.S. Commitments of Traders report due later on Friday.
A surge in domestic sugar prices in India on concerns over lower than expected output because of drought has made exports less attractive for mills even after export incentives, dealers have said.
March arabica was up 0.85 cent, or 0.7 percent, at $1.1930 per lb.
March robusta coffee was up $4, or 0.3 percent, at $1,483 per tonne.
“On the upside, a recovery back above $1,500 could see moves breach near-term resistance now at the 10-day moving average and target a close above the 40-day moving average, after which resistance towards $1,550 could then be targeted,” said Kash Kamal, senior research analyst with Sucden Financial Research.
Upside in robusta prices was limited by ample output from top grower Vietnam, as its harvest wrapped up.
March New York cocoa was up $38, or 1.3 percent, at $3,001 per tonne, having on Thursday touched the lowest since May 2015 at $2,898 on speculative selling.
London March cocoa was up 25 pounds, or 1.2 percent, at 2,132 pounds per tonne, having on Thursday touched 2,060 pounds, the lowest since August. (Editing by Susan Fenton)