June 5 (Reuters) - Cocoa futures finished Tuesday at a 2-week high on fund buying while raw sugar firmed and arabica coffee dropped against the backdrop of a holiday in England. A weaker global economy haunted financial markets. 2:00 PM SETTLE NET PCT LOW HIGH CURRENT
CHNG CHNG VOL Sugar JUL 19.06 0.16 0.9% 18.90 19.19 53,889 Sugar OCT 19.37 0.08 0.4% 19.29 19.54 44,863 Cocoa JUL 2163 69 3.3% 2,073 2,169 16,492 Cocoa SEP 2166 68 3.2% 2,077 2,170 14,558 Coffee JUL 156.2 -2.25 -1.4% 155.90 159.35 11,446 Coffee SEP 158.45 -2.35 -1.5% 158.10 161.50 7,872 TOTAL MARKET VOLUME
CURRENT 30D AVG 250D AVG ICE SUGAR 131,499 113,650 88,516 ICE COCOA 35,777 23,774 19,013 ICE COFFEE 23,512 24,502 19,769
* July sugar gained 0.16 cent to finish at 19.06 cents per lb.
* On Monday, the contract ended at 18.90 cents, the spot contract's lowest settlement since August 2010.
* "Sugar's finding a little bit of support at these low levels," said Sterling Smith, vice-president of commodity research at Citibank's Institutional Client Group in Chicago.
* Buying by Muslim countries ahead of holy fasting month of Ramadan next month was supportive for sweetener.
* The market was running into pressure from harvest in Brazil and prospect of steady sugar exports from India.
* Players closely watching progress of annual monsoon in India, the world's No. 2 producer of sugar.
* July arabica futures dropped 2.25 cents, or 1.4 percent, to end at $1.562 per lb.
* Market consolidated above Monday's session low of $1.5465 which marked the cheapest price since mid-2010 - exchange data.
* Euro zone debt crisis kept arabicas on defensive.
* Open interest as of June 4 stood at 158,830 lots, the highest since April 9, ICE exchange data showed.
* July cocoa rose $69 or 3.3 percent to finish at $2,163 per tonne.
* It was highest spot settlement since May 22 - Thomson Reuters data.
* Market driven higher by investor buying - brokers.
* Talk of canker in Nigeria, No. 4 producer of beans, seen partly boosting market.
* "This could affect their production...tighten supplies a little bit," said Smith.
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