Arabica coffee prices on ICE rallied on Thursday to a one-week high on technical signals and a weaker US dollar, while cocoa prices slid to nearly two-week lows. September arabica coffee settled up 3.85 cent, or 3.9%, at $1.018 per lb. Earlier, prices touched $1.0195, a one-week high. September robusta coffee settled up $47, or 3.4%, at $1,419 per tonne.
Coffee prices in Vietnam remained little changed on the week with farmers unwilling to sell the remaining 5% of their 2018/19 output at current prices. September New York cocoa settled down $67, or 2.7%, at $2,446 per tonne, after falling to a nearly two-week low of $2,444. September London cocoa settled down 42 pounds, or 2.3%, at 1,812 pounds. Prices climbed to an 11-month high last week as top growers Ivory Coast and Ghana announced plans to set a floor price for cocoa. August white sugar settled down $1, or 0.3%, at $331.70 per tonne.
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