US: Arabica coffee prices retreat from four-month peak on ICE, while sugar goes up

NEW YORK/LONDON (Reuters) - New York arabica coffee futures closed lower on ICE on Thursday from a four-month high seen in the previous session, while sugar advanced. COFFEE * May arabica fell 3.65 cents, or 1.9%, at $1.897 a pound, pulling back from the previous session's four-month high of $1.9415. * Traders say the price was supported by tighter physical markets in Brazil and Colombia, while stocks on exchanges fell. But they added that the market got a bit overbought after the recent rise. * Data from the Brazilian federal government showed that coffee exports fell 45% in February, until the third week of the month, while broker HedgePoint cut its forecast for the new crop. * Stocks of ICE-certified arabica fell to 809,566 bags on Thursday, after losing more than 80,000 bags in the past two weeks. There were 10,412 bags pending sorting. * May Robusta coffee fell $44, or 2%, to $2,161 a tonne. * Domestic coffee prices in Vietnam hovered near a six-month high on Thursday, ...