Raw Sugar Falls To 2-Year Low; Cocoa Slips Too
Raw sugar futures on ICE fell to near a two-and-a-half year low on Tuesday as the market refocused on surplus supplies, after index rebalancing provided some support at the opening of the year. Arabica coffee and cocoa futures on ICE also eased. Raw sugar futures edged lower, with March down 0.03 cent, or 0.2%, at 18.34 cents per pound, after touching 18.25 cents earlier in the session, the lowest level for the front month since August 2010.
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