LONDON, Nov 17 (Reuters) - Raw sugar prices on ICE touched
an 8-1/2-month high on Tuesday, buoyed by signs that the market
is growing tighter and moving towards a wide deficit this
season, while cocoa and coffee also rose.
* March raw sugar firmed by 0.02 cents, or 0.1%, to
15.49 cents per lb by 1230 GMT after peaking at 15.66 cents, its
highest since mid-February.
* The International Sugar Organization is forecasting a
global sugar deficit of 3.5 million tonnes in the 2020/21 season
with the production outlook downgraded. It previously forecast a
deficit of only 724,000 tonnes.
* Dealers said they now expect supply tightness at least
until the Brazilian harvest next year, regardless of what the
Indian government decides to do about supporting sugar exports
* India has yet to announce its export policy and there are
fears financial support might be limited.
* ICE sugar speculators cut their net long position by 954
contracts to 190,429 in the week ended Nov. 10, CFTC data
* March white sugar was up $0.40, or 0.1%, at
$421.20 a tonne, having also hit an 8-1/2 month peak.
* March arabica coffee rose 0.3 cents, or 0.3%, to
$1.1905 per lb after touching its highest since mid-September.
* Dealers said prices were being boosted by hurricane Iota,
which is devastating central America, a major coffee-growing
* ICE coffee speculators switched to a net short position of
304 contracts in the week ended Nov. 10, cutting 2,906
contracts, CFTC data showed.
* U.S. green coffee stocks fell by 264,937 bags to 6.1
million 60kg bags by the end of October, indicating improved
* January robusta coffee fell $8, or 0.6%, to $1,432
a tonne, having hit its highest since early September.
* March New York cocoa rose $37, or 2.2%, to $1,693 a
tonne, underpinned by tightness in ICE warehouse stocks
* New York cocoa speculators trimmed their net short
position by 503 contracts to 6,275 in the week ended Nov. 10,
CFTC data showed.
* March London cocoa was up 62 pounds, or 2.6%,
at 2,497 pounds a tonne.
(Editing by David Goodman)