NEW YORK/LONDON, Nov 23 (Reuters) - New York cocoa hit a
nine-month high on Monday as funds continued to buy given
tightness in nearby supplies in the physical and futures
markets, where stocks are falling.
Sugar and coffee, meanwhile, pulled back.
COCOA
* March New York cocoa settled up $41, or 1.5%, to
$2,753 a tonne, after hitting the highest level since late
February at $2,774.
* Data showed ICE Futures U.S. certified stocks remain low
at 209,461 60kg bags as of Nov. 20, versus 310,446 bags a year
earlier.
* The decline in stocks has sparked huge premiums for the
December contract <CC-1=R> versus March, hurting those who had
to close out short positions.
* The tightness has come about in part as U.S. chocolate
maker Hershey Co positioned itself to receive a sizeable
amount of cheap cocoa from ICE Futures U.S.
* New York cocoa speculators switched to a net long of 1,818
contracts in the week to Nov. 17, adding 8,094 contracts, CFTC
data showed.
* Dealers said funds still have plenty of buying firepower,
given their relatively small net long position.
* March London cocoa settled up 19 pounds, or
1.0%, to 1,835 pounds per tonne.
COFFEE
* March arabica coffee settled down 1 cents, or 0.8%,
at $1.1705 per lb, having slid by 4% on Friday in a retreat from
Thursday's two-month high.
* Arabica remains under pressure from this season's record
crop in top producer Brazil as fears over adverse weather
receded slightly.
* Arabica speculators switched to a net long of 7,623
contracts in the week to Nov. 17, adding 7,927 contracts, CFTC
data showed.
* January robusta coffee settled down $8, or 0.6%,
at $1,378 a tonne.
SUGAR
* March raw sugar settled down 0.06 cents, or 0.5%,
at 15.15 cents per lb, having hit 15.66 cents last week for its
highest since mid-February.
* Sugar remains underpinned by damage to Central America
cane fields and a low Indian exports as the market awaits news
from Delhi on export subsidies for this season.
* March white sugar fell $1.80, or 0.6%, to $411.50
a tonne.
(Reporting by Maytaal Angel, additional reporting by Jessica
Resnick-Ault Editing by David Evans, David Goodman and Richard
Chang)