SOFTS-Raw sugar dips from multi-year highs, coffee also falls
LONDON, Oct 12 (Reuters) - Raw sugar futures on ICE slipped on Tuesday after hitting 4-1/2 year highs in the previous session, with signals from wider financial markets broadly negative and traders awaiting Brazilian output data later in the session.
Coffee also slipped while cocoa rose.
* March raw sugar SBc1 slipped 0.2% to 20.29 cents per lb at 1124 GMT, having touched 20.61 cents on Monday for its highest since late February 2017.
* A sell-off in global equities extended into Tuesday on signs that soaring energy prices have put a dampener on economic growth, triggering fears over sustained inflation and policy tightening. MKTS/GLOB
* Dealers said that sugar should remain well supported overall, citing a growing view that end-users will soon need to replenish stocks and that India selling will only emerge around 21 or even 21.50 cents.
* France's farm ministry raised its 2021 sugar beet output estimate to 34 million tonnes from 33.1 million a month ago, up 29.6% on last year but 8.3% below the five-year average.
* December white sugar LSUc1 edged up 0.1% to $522.20 a tonne.
* December arabica coffee KCc1 slipped 0.3% to $2.0355 per lb but was still up 5% this month.
* Dealers said there was talk that global freight issues have sparked a run on coffee stocks as demand for one of the world's favourite drinks holds firm.
* They noted ICE arabica stocks are down 11.5% since the beginning of September. KC-TOT-TOT
* November robusta coffee LRCc1 fell 0.5% to $2,089 a tonne.
* December New York cocoa CCc1 rose 0.7% to $2,700 a tonne, having hit a seven-month peak of $2,792 last week.
* December London cocoa LCCc1 rose 1% to 1,878 pounds per tonne.
(Reporting by Maytaal Angel Editing by David Goodman)
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