Robusta coffee futures fell to a two-and-a-half-month low in New York.

New YORK / London (Reuters)-ICE raw sugar futures edged higher on Wednesday amid rumors that the Chinese government may be considering restrictions on sugar imports, triggering short covering.

Robusta coffee futures hit a two-and-a-half-month low, while Arabica coffee futures also fell as a small number of investors sold. Cocoa futures weakened and trading was quiet.

ICE- March Raw Sugar Futures (SBc1) settlement price rose 0.05 cents, or 0.3%, to 15.47 cents per pound. At one point, it rose 1.3% to 15.62 cents in intraday trading, but trading was light.

After the recent fall in prices, the market has also shown a technical oversold, speculators have begun to reduce a large number of net short positions.

March sugar futures (LSUc1) fell 10 cents, or 0.03 percent, to $398.80 a tonne.

March Robusta coffee futures (LRCH5) closed down $11, or 0.6%, at $1997 a tonne, the lowest since Sept. 30. March Arabica coffee futures (KCc2) settled down 1.90 cents, or 1.1%, at $1.7855 a pound.

New York March cocoa futures (CCH5) fell $19, or 0.6%, to close at $2933 a tonne.

London March Cocoa Futures (LCCH5) closed down 11 pounds, or 0.6%, at 1938 a tonne. (end)

FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。

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