SOFTS-Sugar prices fall on ample supplies; cocoa, coffee also down
Updates with closing prices, adds comments
NEW YORK/LONDON, June 11 (Reuters) - Sugar prices on ICE closed down on Friday due to signs of ample supplies, though the market remained within recent ranges. Cocoa and coffee prices also closed lower.
* July raw sugar SBc1settled down 0.12 cent, or 0.7%, at 17.54 cents per lb.
* August white sugar LSUc1settled down $3.40, or 0.7%, at $451.30 a tonne.
* Dealers said the widening discounts for front month versus second month raw and white sugar SB-1=R, LSU-1=R indicated nearby supplies remained plentiful, but added there was good buying from end-users at around 17.60, keeping prices range-bound.
* There was also talk of high shipping rates hurting physical demand, with some buyers willing to postpone deals and wait for freight rates to fall.
* Data showed sugar production in the key Center-South region of top producer Brazil totalled 2.62 million tonnes in the second half of May - above market expectations.
* July arabica coffee KCc1settled down 1.25 cent, or 0.8%, at $1.5745 per lb. The contract hit a 4-1/2-year high last week.
* Dealers said concerns remain about next year's crop in top arabica producer Brazil, after severe dryness damaged the current crop, but rains this week would likely improve crop prospects.
* Brazilian growers sold 40% of this year's crop by June 8, a much quicker selling pace than seen at this time in previous seasons, consultancy Safras & Mercado said on Friday.
* There are signs anti-government protests that disrupted exports like coffee in world No. 2 arabica producer Colombia are losing steam.
* July robusta coffee LRCc1settled up $7, or 0.4%, at $1,592 a tonne.
* September New York cocoa CCc2 settled down $31, or 1.3%, to $2,402 a tonne.
* World No. 2 cocoa producer Ghana's bean arrivals at ports reached 924,385 tonnes by May 27 since the start of the season on Oct. 1, up 25.3% from last season.
* Cocoa has sharply underperformed other soft commodities this year. Dealers said the market was struggling for direction and appeared range-bound for now.
* September London cocoa LCCc2 was flat at 1,622 pounds per tonne.
(Reporting by Marcelo Teixeira and Maytaal Angel; Editing by Pravin Char and Leslie Adler)
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