Arabica coffee fell from a three-and-a-half-month high, while New York cocoa fell from a four-month high.

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London, Aug. 1-ICE Arabica coffee futures fell from a three-and-a-half-month high on Tuesday and encountered technical resistance after rising for four consecutive days. New York cocoa fell sharply from a four-month peak, following a broad decline in commodity markets.

September Arabica coffee futures closed down 1.40 cents, or 1%, at $1.3785 a pound, hitting a high of $1.3955 since April 20th.

Traders said the fund's covering bears lost momentum and the price encountered technical resistance at about $1.40 and turned back.

"fundamentals do not support the level to which the market has risen," said James Cordier, president of OptionSellers.com. "production is expected to hit a record high next year, which does not support coffee trading at $1.40."

The Thomson Reuters core commodity index fell as much as 1.6%.

September Robusta coffee futures closed down $13, or 0.6%, at $2110 a tonne.

New York cocoa futures closed down $37, or 1.8 per cent, at $2023 a tonne in September, after rising to a near-monthly contract high of $2090 since April 6.

In September, London cocoa futures closed down 29 pounds, or 1.8%, at 1561 pounds a tonne, after rising to a high of 1607 pounds since June 19th.

October raw sugar futures closed down 0.03 cents, or 0.2%, at 14.88 cents a pound, after hitting a high of 15.16 cents since May 31. October sugar futures closed down $3, or 0.8%, at $399.30 a ton.

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