LONDON, Nov 22 (Reuters) - Arabica coffee futures on ICE rose on Tuesday as the market extended its rebound from last week's 16-month low while raw sugar prices edged higher.
COFFEE
* March arabica coffee rose 1.75% to $1.6310 per lb by 1230 GMT after falling last week to a 16-month low of $1.5405.
* Dealers said the fund selling that had helped to fuel the recent decline in prices appeared to have dried up, at least temporarily, while reports that Brazil's crop next year may be smaller than previously expected also contributed to the rise in prices this week.
* The continued inflow of arabica coffee into ICE-approved warehouses, however, helped to keep a lid on prices.
* ICE certified coffee stocks stood at 513,189 bags on Nov. 21, well above a 23-year low of 382,695 bags set on Nov. 3. There were 560,828 bags pending grading.
* January robusta coffee rose 0.8% to $1,826 a tonne.
SUGAR
* March raw sugar rose 0.3% to 19.92 cents per lb, though prices remained well below last week's seven-month peak of 20.48 cents.
* Dealers said a stronger Brazilian real provided some support, reducing the incentive for producers to sell by lowering dollar-denominated prices in local currency terms.
* Commerzbank said in a note that more sugarcane in Brazil was being channelled into sugar production, partly because there was a switch towards using corn for ethanol production.
* "Furthermore, there is considerable uncertainty surrounding ethanol prices, which could be pushed by state intervention to levels below the costs of production, which would likewise favour a shift in sugar cane processing towards sugar," the bank added.
* March white sugar rose 0.7% to $539.70 a tonne.
COCOA
* March London cocoa fell 0.9% to 1,962 pounds a tonne, partly owing to the strength of sterling.
* March New York cocoa was unchanged at $2,454 a tonne. (Reporting by Nigel Hunt Editing by David Goodman )
