LONDON, Nov 23 (Reuters) - New York cocoa hit a new
nine-month high on Monday as funds continued to buy given
tightness in nearby supplies in the physical and futures
markets, where stocks are falling.
Sugar and coffee also rose.
COCOA
* March New York cocoa rose $42, or 1.5%, to $2,754 a
tonne by 1319 GMT, after hitting $2,774, the highest since late
February.
* Data showed ICE Futures U.S. certified stocks remain low
at 209,461 60-kg bags as of Nov. 20, versus 310,446 bags this
time a year ago.
* The stocks fall has sparked huge premiums for the December
contract <CC-1=R> versus March, hurting those who had to close
out short positions.
* The tightness has come about in part as U.S. chocolate
maker Hershey Co positioned itself to receive a sizeable
amount of cheap cocoa from ICE Futures U.S.
* New York cocoa speculators switched to a net long of 1,818
contracts in the week to Nov. 17, adding 8,094 contracts, CFTC
data showed.
* Dealers said funds still have plenty of buying firepower,
given their relatively small net long position.
* March London cocoa was up 8 pounds, or 0.4%,
at 1,824 pounds a tonne.
COFFEE
* March arabica coffee rose 1.1 cents, or 0.9%, to
$1.1915 per lb, having collapsed 4% on Friday in a retreat from
Thursday's two-month high.
* Arabica remains under pressure from this season's record
crop in top producer Brazil, as fears over adverse weather
receded slightly.
* Arabica speculators switched to a net long of 7,623
contracts in the week to Nov. 17, adding 7,927 contracts, CFTC
data showed.
* January robusta coffee rose $8 or 0.6% to $1,393 a
tonne.
SUGAR
* March raw sugar was down 0.2 cent, or 1.1%, to
15.38 cents per lb, having hit 15.66 cents on Tuesday, its
highest since mid-February.
* Sugar remains underpinned by damage to Central America
cane fields and a dearth of Indian exports as the market awaits
news from Delhi on export subsidies for this season.
* March white sugar rose $3.50, or 0.9%, to $416.80
a tonne.
(Editing by David Evans)