PETROBRAS NEW YORK/LONDON, June 15 (Reuters) - Raw sugar futures on ICE hit a fresh one-month low on Wednesday amid worries about interest rate hikes in wider financial markets as well as expectations for higher production from Brazil, India and Thailand.
Meanwhile, New York cocoa hit its lowest level in 6-1/2 months.
SUGAR
* July raw sugar fell 0.24 cent, or 1.3%, to 18.46 cents per lb, its lowest level in a month.
* Dealers said higher production expectations from top producers Brazil, India and Thailand suggest there will be more than adequate supply of sugar next year.
* This is pressuring sugar, as is a surging dollar, which is near 20-year highs, making dollar-priced commodities like sugar costlier for non-U.S. investors.
* Brazil's Congress passed a bill to cut state taxes on fuels, a move that will likely reduce gasoline prices and make ethanol less competitive at pumps. It could lead mills to make less ethanol and more sugar.
* Still, dealers said sugar should find support below 18.60 cents.
* August white sugar fell $8.30, or 1.5%, to $560.80 a tonne.
COFFEE
* September arabica coffee rose 1.6 cent, or 0.7%, to $2.285 per lb.
* Prices were underpinned by falling ICE certified arabica
stocks
* The amount of green coffee stored at ports in the United States rose by 97,125 60-kg bags at the end of May, returning to above 6 million bags, according to the Green Coffee Association.
* September robusta coffee rose $2, or 0.1%, to $2,055 a tonne.
COCOA
* September New York cocoa rose $10, or 0.4%, to $2,377 a tonne, recovering partially after hitting its lowest level since early December at $2,344.
* Demand concerns are weighing on cocoa, as is ICE data
showing cocoa stocks are near the highest level in a year
* The cocoa grind in Brazil fell 7.5% in May and industry group AIPC expects the smallest imports in four years.
* September London cocoa was little changed at 1,739 pounds per tonne. (Reporting by Marcelo Teixeira and Maytaal Angel; Editing by Toby Chopra and Paul Simao)
