Outside morning review: ICE Arabica coffee futures and cocoa futures rose

NEW YORK/LONDON (Reuters)-ICE Arabica coffee futures rallied from a one-month low on Tuesday as technical signals and low buying, while cocoa futures rose in volume, driven by technical factors, offsetting a general decline in commodity markets and ample supply.

ICE raw sugar futures fell to a one-month low, weighed down by weak commodity markets, rain in Brazil, a major producer, and expectations that new supply from Asia will soon enter.

The Thomson Reuters CRB index of core commodities fell, led by a slump in the oil market, with only coffee, cocoa and natural gas rising among 19 commodities covered.

ICE-March Arabica coffee futures KCZ5>, the most actively traded, closed up 2.35 cents, or 1.2 percent, at $1.925 a pound after hitting a one-month low of $1.864 intraday.

Technical buying increased after futures broke through the 50-day and 200-day moving averages. Brokers said buying by processors rose at the low of the day.

January Robusta coffee futures fell $33, or 1.6 percent, to close at $2,040 a tonne on the London International Financial Futures and Options Exchange (LIFFE).

ICE-March cocoa futures rose $21, or 0.7 percent, to $2,877 a tonne after hitting yesterday's five-and-a-half-month low of $2,853 in intraday trading but not breaking through.

Liffe-March cocoa futures closed up 9 pounds, or 0.5 percent, at 1,879 pounds a tonne.

ICE-March raw sugar futures closed down 0.25 cents or 1.6 percent at 15.68 cents a pound. LIFFE-December white sugar futures closed down $6, or 1.4 percent, at $416.70 a tonne.