NEW YORK/LONDON, Dec 1 (Reuters) - Raw sugar futures on ICE
bounced off the lowest level in more than three weeks and ended
unchanged on Tuesday, while cocoa and coffee prices weakened.
* March raw sugar settled the session unchanged at
14.51 cents per pound, after dipping to a low of 14.40 cents,
the weakest since Nov. 6.
* Dealers said the market appeared to have lost its upward
momentum after its run-up to an 8-1/2-month high in mid-November
and funds were now scaling back long positions.
* The market continued to await an announcement from India
on its export policy for the current season with a lower volume
of subsidised exports, perhaps of around 5 million tonnes, now
anticipated in the current season.
* March white sugar settled the session unchanged at
$398.80 a tonne after hitting an intraday high of $404.70.
* March New York cocoa settled down $48, or
1.8%, to $2,691 a tonne.
* Dealers said there had been a strong start to the main
crop in top grower Ivory Coast although recent dry weather has
raised some concerns.
* "Though deliveries in Ivory Coast are so far 12% up
year-on-year, there are fears that below-average rainfall could
significantly drive down the crop volume early in 2021,"
Commerzbank said in a note.
* Dealers noted weak demand was also weighing on prices
although some recovery is anticipated in 2021 as restrictions
linked to the COVID-19 pandemic are lifted.
* March London cocoa settled down 36 pounds, or
1.9%, to 1,822 pounds per tonne.
* March arabica coffee settled down 4.85 cents, or
3.9%, at $1.1845 per lb with recent rains providing some relief
to crops in southern Brazil.
* March robusta coffee fell $17, or 1.2%, to $1,388
(Reporting by Nigel Hunt in London, additional reporting by
Editing by Louise Heavens, Matthew Lewis and David Gregorio)