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Arabica coffee prices ease, raw sugar edges up

Arabica coffee futures on ICE were marginally lower on Friday, weighed down partly by rising exchange stocks, while raw sugar prices edged higher.

COFFEE

* March arabica coffee KC2! fell 0.03% to $1.5865 per lb by 1227 GMT. The contract was on track for a weekly loss of about 2.4%.

* Dealers said the market was back on the defensive after a short-lived rally linked partly to a deteriorating outlook for next year's crop in Brazil.

* "After temporarily rebounding due to a worsening supply outlook in top producer Brazil and Colombia, arabica coffee prices have begun to ease, triggered by a sharp rebound in ICE arabica coffee inventories," Fitch Solutions said in a note.

* stocks stood at 668,581 bags on Dec. 8, well above a 23-year low of 382,695 bags set on Nov. 3. There were 395,432 bags pending grading.

* January robusta coffee RC1! fell 0.2% to $1,914 a tonne.

SUGAR

* March raw sugar SB1! rose 0.5% to 19.77 cents per lb by 1003 GMT.

* The market has been supported by rains in Brazil which is likely to result in millions of tonnes of cane being left in the fields to be harvested next year.

* March white sugar SF1! rose 0.04% to $540.80 a tonne.

COCOA

* March New York cocoa CC2! rose 1% to $2,567 a tonne.

* in Africa's largest-producing countries, including the world's No. 1 exporter Ivory Coast, are estimated to have greater resilience than usual in the coming dry season, a Climate42 agricultural weather report said.

* March London cocoa C2! rose 0.9% to 1,996 pounds a tonne.

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