SOFTS-Arabica coffee hits multi-month high, cocoa also gains

NEW YORK, Sept 15 (Reuters) - Arabica coffee futures on ICE surged near seven-month high on Monday, boosted by tight supply in the U.S., while cocoa prices also climbed.

COFFEE

* Arabica coffee KCc2 settled near seven-month high at $4.1765 per lb, up 20.8 cents or 5.2%.

* Dealers said the market was supported by fund buying against the backdrop of tight supplies in the U.S. after the imposition of a 50% tariff on shipments from Brazil.

* They noted that exchange stocks stood at 669,225 bags as of September 12, down 766 bags from a day earlier, continuing a steady decline. A month earlier, they stood at 737,526 bags.

* Arabica coffee speculators raised their net long position by 3,092 contracts to 22,539 in the week to September 9, data showed.

* Robusta coffee LRCc2 settled up $241, or 5.2%, at $4,842 a ton.

COCOA

* London cocoa LCCc2 settled up 110 pounds, or 2.2%, to 5,216 pounds per ton.

* Dealers said the market continued to derive support from worries over crops in West Africa, where diseases such as black pod remain a significant concern.

* New York cocoa CCc2 settled up $224, or 3.0%, to $7,644 a ton.

* Cocoa arrivals at ports in top grower Ivory Coast since the start of the season on October 1, 2024, had reached 1.686 million tons by September 14, down from 1.733 million tons for the same period last season, exporters estimated on Monday.

SUGAR

* Raw sugar SBc1 settled up 0.21 cents, or 1.3%, at 16.00 cents per lb​​.

* Dealers said the market looked set to trade in a range of about 15.50 to 16.00 cents per lb in the near future, with the scope for any major advance in prices limited by favourable crop prospects in India and Thailand.

* White sugar LSUc1 settled up $6.20, or 1.3%, at $491.40 a ton.

* Pakistan has issued an international tender to purchase 100,000 tons of white refined sugar and is believed to have bought 100,000 tons in a tender last week, European traders said.