Recasts, includes closing prices and comments
NEW YORK/LONDON, April 22 (Reuters) - Arabica coffee futures on ICE rose to the highest price in more than seven weeks on Thursday, as the prospect of a tighter supply outlook in 2021/22 and positive retail news underpinned the market.
Raw sugar futures paused after large gains recently.
* May raw sugar SBc1 settled down 0.02 cent, or 0.1%, at 16.92 cents per lb, after peaking at 16.99 cents on Wednesday, its highest since Feb. 26.
* Dealers said sugar remains well supported, with funds adding to their long positions amid a diminished crop outlook in Brazil and the European Union.
* Ukraine's economy ministry has proposed waiving the 50% import duty on 120,000 tonnes of white sugar.
* "We now expect a much smaller 2021/22 global sugar surplus of around 2.9 million tonnes, primarily due to the recent crop downgrades in Brazil," said Citi in a note.
* August white sugar LSUc1settled down $0.90, or 0.2%, at $462.40 a tonne.
* July arabica coffee KCc2 settled up 1.95 cents, or 1.5%, at $1.3615 per lb, after peaking at $1.3645, the highest price since March 1st.
* Dealers said the market continues to derive support from an outlook of reduced supplies in the 2021/22 season, as top producer Brazil looks set to harvest a smaller-than normal crop.
* Coffee shops reopenings in Europe and strong retail results were also positive.
* Nestle NESN.S reported its strongest quarterly sales growth in 10 years. Coffee was the largest contributor to Nestle's sales growth, with Nespresso sales up more than 17%.
* Danes returned to cafes and restaurants this week for the first time in months as COVID-19 restrictions were eased.
* July robusta coffee LRCc2 settled down $2, or 0.1%, at $1,408 a tonne.
* July London cocoa LCCc2settled up 10 pounds, or 0.6%, to 1,647 pounds per tonne.
* Swiss chocolatier Barry Callebaut
* Ivory Coast's cocoa regulator said it would reimburse exporters for their expenses related to the implementation of a premium meant to combat farmer poverty.
* July New York cocoa CCc2settled up $3, or 0.1%, to $2,442 a tonne.
(Reporting by Marcelo Teixeira and Maytaal Angel. Editing by Jane Merriman, Kirsten Donovan and Richard Chang)
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