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NY cocoa regains some ground while robusta prices slip

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LONDON, May 7 (Reuters) -New York cocoa futures on ICE rose on Tuesday, regaining some ground after falling by nearly 7% during the previous session, while robusta coffee futures extended their recent fall from last month's record high.


* July New York cocoa CCc2 rose 1.3% to $7,695 a metric ton by 1134 GMT.

* Dealers said fundamentals remained generally supportive despite the recent sharp setback in prices, with dry weather in top grower Ivory Coast hampering the mid-crop and adding to supply concerns.

* July London cocoa LCCc2 fell 3.2% to 6,665 pounds a ton, adjusting to steep losses in New York cocoa on Monday when the London contract was closed for a public holiday in Britain.


* July robusta coffee LRCc2 was 4.1% down at $3,397 a ton, extending the market's fall from a record high of $4,338 on April 25.

* Dealers said speculators were continuing to scale back long positions while the market continued to pay close attention to the weather in top robusta producer Vietnam.

* They noted recent rains may have slightly improved the outlook for crops in Vietnam, though dry conditions remained a major concern.

* July arabica coffee KCc2 fell 0.4% to $1.9435 per lb.


* July raw sugar SBc1 rose 0.15% to 19.51 cents per lb.

* Workers at all eight of Wilmar International's WLIL.SI sugar mills in Australia are planning work stoppages on Thursday and Monday over demands for higher pay, the Singapore-listed company said.

* August white sugar LSUc1 lost 0.1% to $571.30 a ton.

Reporting by Nigel Hunt
Editing by David Goodman


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