LONDON: Cocoa futures fell on Tuesday, erasing most of the previous session’s steep gains in largely technically driven trade, while coffee prices were higher.
COCOA
New York cocoa lost 3.9 percent to USD5,997 a metric ton by 1120 GMT, after a 4.9 percent rise on Monday. Dealers said the surge in prices on Monday had been driven mainly by technical factors, although a slowdown in port arrivals in the world’s biggest producer Ivory Coast provided further support.
The market was also focused on New York cocoa’s addition to the Bloomberg Commodity Index in 2026 that is expected to lead to around 30,000 to 40,000 lots of buying in early January.
New York cocoa is on track for an annual loss of around 49percent with rising production and weak demand helping to shift the market into surplus.
London cocoa fell 4.1percent to 4,307 pounds a ton.
COFFEE
Arabica coffee rose 0.8percent to USD3.5485 per lb.
Dealers said the market continued to be underpinned by low certified exchange stocks while March’s premium to May also reinforced sentiment that supplies are tight.
ICE certified arabica stocks stood at 456,477 bags, as of December 29, down from 991,080 bags a year ago. Robusta coffee gained 1.8percent to USD3,953 a ton.
SUGAR
Raw sugar fell 0.2 percent at 15.23 cents per lb. Indonesia plans to import around 3.1 million metric tons of sugar for industrial use in 2026, a senior official at the country’s coordinating ministry overseeing food, said on Tuesday. White sugar lost 0.2 percent to USD433.70 a ton.
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