LONDON, May 10 (Reuters) -New York cocoa futures on ICE were lower on Friday, extending the market's retreat from last month's record peak, while sugar and coffee prices also fell.
COCOA
* July New York cocoa CCc2 fell 2.1% to $8,510 a metric ton by 1053 GMT.
* The market had fallen back sharply after rising to a record high of $11,722 on April 19.
* "We believe the peak of the rally has passed, and we anticipate lower prices in 2024," Rabobank said in a note.
* The bank said it expects the upcoming 2024/25 season to see another global deficit although a much smaller one that this season's shortfall of around 360,000 metric tons.
* "A combination of weakening global demand and production responses, particularly from countries without a fixed farmgate price, will help alleviate the pronounced uncertainty baked into current futures pricing," the note said.
* July London cocoa LCCc2 fell 2.7% to 7,311 pounds a ton.
* Ivory Coast's cocoa grind was down 19.8% year-on-year in April at 41,019 metric tons, data from the exporters' association GEPEX showed on Friday.
SUGAR
* July raw sugar SBc1 fell 0.1% to 19.56 cents per lb.
* Dealers said the market was stuck between solid support around 19 cents and resistance at 20 cents.
* The global sugar market faces supply risks, such as a lack of rain and port congestion in top exporter Brazil, that may wreck the current equilibrium with low stocks reducing its resilience, traders and analysts said.
* August white sugar LSUc1 fell 0.2% to $574.50 a ton.
COFFEE
* July robusta coffee LRCc2 fell 0.1% to $3,435 a ton.
* July arabica coffee KCc2 fell 0.4% to $2.0075 per lb.
