* Sugar consolidates after rally
* European fourth-quarter cocoa grind due on Friday
By David Brough
LONDON, Jan 14 (Reuters) - Coffee and sugar futures eased on Thursday as a weak oil market dragged other commodities lower, with robusta coffee pressured by expectations of a pickup in Vietnamese exports.
Cocoa steadied, as traders focused on European grind data due on Friday.
Robusta futures on ICE dipped on expectations for higher shipments in January after the 2015/16 harvest in top producer Vietnam.
“Until you get a new fundamental impetus for robusta, such as reports on exports from Vietnam, robusta futures will be influenced by macroeconomic factors and fluctuations in the wider commodities complex,” CoffeeNetwork analyst Andrea Thompson said.
March robusta was down $10, or 0.7 percent, at $1,447 per tonne at 1208 GMT, near a more than two-year low of $1,432 touched on Tuesday.
“A breach of support and Tuesday’s low of $1,432 could see a sharper sell-off and appetite tested for contracts at $1,400,” said Kash Kamal, a senior analyst with Sucden Financial Futures.
Arabica coffee futures dipped on technically driven selling, with focus on the next crop in top grower Brazil.
A weak Brazilian currency was expected to stimulate producer selling.
March arabica futures were down 0.6 cent, or 0.5 percent, at $1.142 per lb.
In cocoa, dealers said a key focus would be the fourth-quarter European grind data, which was expected to show a year-on-year rise of about 2 to 5 percent.
March London cocoa was up 2 pounds, or 0.1 percent, at 2,075 pounds per tonne.
March New York cocoa lost $10 or 0.35 percent at $2,882 per tonne.
March raw sugar futures dipped 0.02 cent, or 0.1 percent, to 14.45 cents per lb, consolidating after Wednesday’s rally and pressured by weak oil prices as well as the soft Brazilian real.
March white sugar was down $1.10, or 0.3 percent, at $421.90 per tonne.
Brokers said the strength of the white sugar market, benefiting from robust Chinese physical demand, could bolster raw sugar values.
“This should have a knock-on effect on the raws as current whites premiums should encourage refiners to step up production to meet the demand,” said Nick Penney, senior trader with Sucden Financial Sugar. (Editing by Dale Hudson)