Cocoa rises on tightening provide; uncooked sugar falls

(Provides feedback and shutting costs)

NEW YORK, Jan 6 (Reuters) –

Cocoa futures had been boosted on Monday by issues that dry climate in West Africa might exacerbate tight provides, whereas uncooked sugar fell amid rains in prime producer Brazil.

* New York cocoa futures on ICE ​settled up $139, or 1.2%, to $11,377 a metric ton, climbing again in the direction of the report excessive of $12,931 set on Dec. 18.

* Sellers stated dry climate in West Africa was anticipated to sluggish port arrivals in prime grower Ivory Coast from subsequent month.

* “Considerations about manufacturing in West Africa have compounded technical elements, together with low liquidity to put upward stress on costs,” BMI analysts stated in a observe.

* Cocoa arrivals at ports in prime grower Ivory Coast because the begin of the season on Oct. 1 reached 1.109 million tons by Jan. 5, up from 873,000 tons over the identical interval final season, exporters estimated on Monday.

* London cocoa rose 0.1% to 9,030 kilos per ton.

* Robusta espresso settled up $16, or 0.3%, at $4,984 a ton, boosted by tight provides after a slowdown in shipments from prime robusta producer Vietnam.

* Vietnam exported 1.34 million metric tons of espresso in 2024, down 17.2% from the earlier yr, authorities information confirmed on Monday.

* Sellers stated rains in Vietnam had additionally slowed the 2024/25 harvest and raised high quality issues.

* Arabica espresso futures on ICE had been little modified at $3.186 per lb.

* Arabica licensed shares at ICE rose to 993,562 baggage, the best since June 2022, as excessive costs increase deliveries to the change.

* Uncooked sugar ​​settled down 0.32 cent, or 1.6%, at 19.33 cents per lb.

* Sellers stated rains in Brazil had improved the outlook for the 2025/26 cane crop, whereas the sturdy tempo of cane crushing in Thailand was additionally limiting beneficial properties.

* Brazil sugarcane areas are anticipated to obtain extra useful rains within the subsequent 10 days.

* March white sugar misplaced 1.4% to $507.10 a ton. (Reporting by Nigel Hunt and Marcelo Teixeira Enhancing by David Goodman, Barbara Lewis and Mohammed Safi Shamsi)