LONDON Aug 2 (Reuters) - ICE sugar and cocoa futures fell on Tuesday, weighed by a firmer dollar and weak global growth prospects which helped send world stocks to a two-week low. SUGAR * Raw sugar futures fell in early trade as the market retreated further from contract highs set early last week. * Dealers said the market was weighed by sluggish demand in the physical market and a firmer dollar. * October raw sugar on ICE was off 0.28 cent or 1.0 percent at 28.69 cents a lb at 0834 GMT, well below a contract high of 31.68 cents touched early last week. * New York Oct sugar will continue its fall towards 28.37 cents per lb, a 100 percent Fibonacci projection level of a wave "c" target, according to Reuters analyst Wang Tao. * Raw sugar prices will slip as production rises due to a surge in sweetener values to 30-year highs, but low stocks and lingering problems in top producer Brazil could temper the decline, the senior commodity analyst at analyst F.O. Licht said on Monday. * October white sugar on Liffe fell $8.80 or 1.1 percent to $761.20 per tonne. * Brazilian raw sugar exports firmed last month to 2.29 million tonnes, up from 2.05 million tonnes in July 2010 and 1.85 million tonnes in the previous month of June, trade ministry data showed on Monday. Continued...

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