SOFTS-NY cocoa retreats from 1-1/2 year high, arabica edges up

(Adds quote, updates price)

LONDON, April 3 (Reuters) - New York cocoa futures fell sharply on Tuesday, pulling away from the prior session's 1-1/2 year high, while arabica coffee prices turned higher after setting a nine-month low.


* May New York cocoa was down $62, or 2.35 percent, at $2,573 a tonne at 1330 GMT, after the front month hit a 1-1/2 year high of $2,647 on Monday.

* Dealers said the market remained focused on the extent to which production in West Africa will fall this season.

* "We believe that short-term cocoa prices have more than priced in the lower crop in West Africa stemming from the tendency of tree crops to rest the year after a large output year," Shawn Hackett, president of Hackett Financial Advisors, said in a market note.

* May London cocoa was up 20 pounds, or 1.1 percent, at 1,773 pounds a tonne with the market adjusting to gains in New York on Monday when London-based contracts did not trade due to a public holiday.


* May arabica coffee was up 0.15 cent at $1.1655 per lb after falling to a low of $1.16, the weakest for the front month since June 2017.

* Dealers said the market was attempting to consolidate after a prolonged downtrend driven largely by the prospect of a large crop in top grower Brazil this year.

* "Prices appear to be shifting lower week by week on the same news that has been public knowledge for at least the last month," INTL FCStone in Singapore said in a report.

* "You would expect any sentiment on the back of this should be well priced into the market by now."

* May robusta coffee was up $3, or 0.2 percent, at $1,728 a tonne.

* Brazil coffee exports fell to 2.24 million 60-kg bags in March, from 2.49 million in the same month last year, according to trade ministry data published on Monday.


* May raw sugar was down 0.14 cent, or 1.1 percent, at 12.38 cents per lb.

Dealers said the market was back on the defensive after a shortlived bounce which took prices from a 2-1/2 year low of 12.18 cents on March 28 to a peak on Monday of 12.55 cents.

* Oversupply driven partly by rising production in India and Thailand remained the main bearish influence.

* "We see the bottom of the range being tested and 12 cents thereafter," said Sucden Financial senior trader Nick Penney in a market note.

* May white sugar rose $1.90, or 0.5 percent, to $353.10 a tonne. (Reporting by Nigel Hunt; Editing by Susan Fenton)