LONDON: White sugar futures on ICE edged up on Monday amid further signs of shrinking supplies in Europe, the world’s third-largest producer after Brazil and India.
There was no trading in raw sugar, arabica coffee and New York cocoa futures due to the US Labor Day holiday.
SUGAR: White sugar rose 0.8 percent to USD527 a metric ton at 1224 GMT, having settled down 0.7 percent on Friday.
Germany’s 2026/27 refined sugar production is forecast to fall 23.4 percent versus the prior season to 3.386 million tons, following a sharp cut in the beet sowing area and a severe summer drought and heatwave.
The El Nino weather pattern meanwhile continues to pose a significant threat to sugar output in key growers India and Thailand.
El Niño is set to intensify further into 2027 and could be the strongest ever, raising risks of extreme weather into next year, the World Meteorological Organization said.
In news, Pakistan issued a tender to sell and export 107,739 metric tons of white refined sugar.
Raw sugar closed little changed on Friday at 18.07 cents per lb, having hit a 16-month peak earlier that week.
COFFEE: Robusta coffee fell 0.8 percent to USD3,403 a ton, after hitting a 2-1/2-month low last week.
Uganda’s coffee exports declined 15.1 percent in July from a year ago. The East African country is the world’s third-largest robusta grower.
Coffee is under pressure overall though from an expected bumper 2026/27 crop in top grower Brazil.
Brazil exported 45 percent more coffee in August than in the same month a year before. Arabica coffee closed little changed on Friday at USD2.956 per lb, having hit a five-week low earlier that week.
COCOA: London cocoa fell 1 percent to £4,471 per ton, remaining some way off last Tuesday’s one-year high of £4,988.
El Nino is a worry for cocoa. But those concerns have lessened somewhat as, so far, the weather pattern has not brought excess rains to West Africa.
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