Sugar falls to its 7-day low on Monday

Raw sugar, cocoa and Arabica coffee declined on Monday, with sugar declining to its lowest level in almost a 7-day period after speculators reduced their bets on smaller prices by 62%, the U.S. Commodity Futures Trading Commission reported Monday. May raw sugar futures slid 1.7% to 18.56 cents a pound, cocoa for delivery in the same month dropped 0.8% to $2,099 a ton and May Arabica coffee futures fell 0.3% to $1.3715 in NY.