Coffee market: Daily news updates: Cocoa Rises as Ivory Coast Conflict Escalates; Coffee Advances

Cocoa rose for the third consecutive day in London on supply concerns of the grains can be even more upset that intensifies the conflict in Ivory Coast, the world's largest producer. Advanced coffee.
West African leaders must find a way to eject the holder of Ivory Coast President Laurent Gbagbo to avoid a civil war, Louise Arbour, chairman of the International Crisis Group said yesterday. A meeting of the Economic Community of West African States in the Nigerian capital, Abuja, today and tomorrow must agree to mobilize military forces to protect civilians in Ivory Coast, Arbour said in an open letter to the presidents ECOWAS.
"It seems that cocoa has found some buying support," said Keith Flury, an analyst at Rabobank International in London, in an email today. "With so much uncertainty about the future supply of Ivory Coast Moreover, prices could fall only so far."
Cocoa for May delivery rose 18 pounds, or 0.9 percent, to 2107 pounds ($ 3,432) a tonne at 10: 49 am on the Liffe Exchange in New York in London. Prices fell to 6 percent on March 18. Of cocoa for May delivery rose 0.7 percent to $ 3,286 per ton on ICE Futures U.S. in New York.
Ivory Coast has been wracked by violence between security forces and Gbagbo supporters of Alassane Ouattara, the internationally recognized winner of the disputed elections of 28 November. country's cocoa supply have been disrupted since 24 January when Ouattara imposed an export ban in an attempt to reduce funding for Gbagbo.
Wrestling Rebels
Security forces last week bombed a market in Abidjan, the commercial capital, killing at least 30 people. Gbagbo called on people to mobilize to "fight the rebels." Tens of thousands of people have fled Abidjan, according to Amnesty International. The deterioration of the situation as it is "a serious and imminent threat to peace and security in West Africa," said Arbour.
White or refined sugar futures for May delivery were little changed at $ 700 per tonne in London. The raw sugar futures for May delivery rose 0.11 cents, or 0.4 percent, to 27.27 cents a pound on ICE.
sugar supplies will exceed demand by 1.3 million tonnes in the 2010-11 season, compared to 1.7 million tons forecast in November because of damage to crops in Australia, India and China, according to FOR Licht GmbH. The surplus after two lean years of just going to change reservations up to the end of the season on September 30, Ratzeburg, Germany-based Licht said in yesterday's report.
The robusta coffee futures for July delivery gained $ 5, or 0.2 percent, to $ 2.438 per ton on the New York Stock Exchange LIFFE. Arabica coffee futures coffee for May delivery rose 0.6 cent to $ 2.7510 a pound on the ICE U.S.