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NEW YORK, May 6 (Reuters) - Arabica coffee prices on ICE fell on Monday, pressured by broader equity market weakness, a softer Brazilian real and lingering oversupply concerns, while raw sugar fell for the second straight session. London-based markets were closed on Monday for a bank holiday.
* July arabica coffee settled down 0.45 cent, or 0.5 percent, at 90.15 cents per lb after dropping to a low of 89.40 cents, just shy of the 13-year low of 89 cents per lb hit in mid-April.
* Coffee was pressured by broader macroeconomic weakness, dealers said, with global markets down after U.S. President Donald Trump said he could raise tariffs on China.
* Prices were also lower on the Commitment of Traders report released on Friday, dealers said.
* Speculators reduced their net short position in arabica coffee by 5,000 lots to 70,845 lots, U.S. government data showed. The commercial long position was lower for the fourth straight week, the data showed.
* "Commercials are selling to the specs ... When the commercial longs are getting out near the lows - that's not bullish," one U.S. trader said.
* The looming harvest in top grower Brazil pressured a market already weighed down by oversupply, dealers said.
* Also bearish was the weaker Brazilian currency , dealers said, as it can encourage producer selling of dollar-denominated commodities, like coffee and sugar.
* July raw sugar settled down 0.13 cent, or 1.1 percent, at 11.88 cents per lb after dipping to 11.84, the weakest for the July contract since October.
* Prices were pressured by concerns about plentiful supplies out of India, dealers said.
* The contract has been largely rangebound so far this year, but broke out of that range on Friday when prices fell below 12 cents.
* Dealers were now watching 11.55 cents, the low hit by the May contract before expiring last week, as support.
* Total open interest rose on Friday by 16,601 lots to 938,268 lots, its highest since early February, ICE data show. The increase could indicate an increase in short positions, one U.S. trader said.
* July New York cocoa settled down $39, or 1.6 percent, at $2,340 per tonne, remaining within last week's trading range.
* Cocoa arrivals at ports in top grower Ivory Coast reached 1.874 million tonnes between Oct. 1 and May 5, exporters estimated on Monday, up around 14 percent year on year.
* Rainfall increased over most of Ivory Coast's cocoa-growing regions last week, farmers said, raising hopes for a recovery in growth after the mid-crop suffered from atypically dry weather last month.
(Reporting by Ayenat Mersie in New York, editing by G Crosse)