New York raw sugar steadies.
Raw sugar futures on ICE steadied on Wednesday, reversing Tuesday's losses, but with the market held back from extending last week's rally on account of producer and trade selling. Arabica coffee edged up after hitting a one-month low while robusta coffee recovered after matching Monday's nine-year lows. March raw sugar was up 0.01 cent, at 12.47 cents per lb by 1204 GMT. Price rallied 10 percent last week but have lost steam this week.
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