Arabica coffee eases to 5-week low, glut weighs on sugar

NEW YORK/LONDON, Oct 15 (Reuters) – Arabica coffee futures on ICE slipped to a five-week low on Monday, weighed down by the widening December/March spread, while raw sugar extended its losses to a three-week low at the start of London Sugar Week amid ample global supplies. Cocoa futures eased ahead of European third-quarter grind data, a measure of demand, set for release on Tuesday and widely expected to be sharply lower. The Thomson Reuters/Jefferies CRB index, a global benchmark for commodities, dropped…