New York Futures: coffee futures prices fall to an all-time low, raw sugar rises

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New YORK / London (Reuters)-ICE robusta coffee fell to a nine-year low on Tuesday and Arabica coffee fell to a 13-year low as Brazil's harvest was about to flow into an already oversupplied market, while raw sugar prices rose slightly.

In July, Robusta coffee closed down $50, or 3.7%, at $1295 a tonne, falling as low as $1282 hit in April 2010.

"the imminent influx of Brazil's newly acquired Robusta coffee beans is putting pressure on the market," said Rodrigo Costa, head of trading at Comexim USA. "there is still room for further sales. And buyers are in no hurry to enter the market. (Brazil) the weakening of the real does not help. "

The real fell to its lowest level against the dollar in nearly a week, which could encourage sellers to sell dollar-denominated goods such as coffee.

Arabica coffee fell 2.15 cents, or 2.4%, to 88 cents a pound after falling to a 13-and-a-half-year low of 87.60 cents.

In July, raw sugar rose 0.07 cents, or 0.6%, to 11.95 cents per pound.

In August, white sugar closed up $0.90, or 0.3%, at $328.30 a tonne.

New York July cocoa futures closed down $39, or 1.7%, at $2301 a tonne. London cocoa fell 29 pounds, or 1.6 percent, to 1736 pounds a tonne in July.