SOFTS-Coffee gains 8% in the week as tariffs freeze US-Brazil trade

NEW YORK, Aug 8 (Reuters) - Coffee futures on ICE rose again on Friday, gaining 8% on the week, as U.S.-Brazil trade remains frozen due to the Trump administration's tariffs, and as exchange stocks continue to slide.

Sugar futures also rose.

COFFEE

Arabica coffee futures KCc1 settled up 11.55 cents, or 3.9%, at $3.0935 per lb​​, having hit a three-week high of $3.0995.

Dealers said there are next to no new trades between the U.S. and top coffee grower Brazil after Trump imposed a 50% tariff on Brazilian goods.

As for existing trades, coffee loaded in Brazil by the August 6 tariff deadline can enter the U.S. without paying the tariff, provided it arrives by October 6.

The U.S. gets about a third of its coffee from Brazil, and market participants are for now drawing on ICE-certified stocks KC-TOT-TOT, which have fallen to a more than one-year low.

Dealers also noted arabica options expiration on Friday as a bullish factor for the session.

Robusta coffee LRCc2 rose 3.9% to $3,510 a metric ton.

SUGAR

Raw sugar SBc1 ​​​​​settled up 0.24 cent, or 1.5%, at 16.25 cents per lb. The market, however, moved up only 0.4% in the week.

The UN's Food and Agriculture Organization (FAO) said its sugar price index eased for a fifth consecutive month in July on expectations of increased production in Brazil and India, despite signs of recovering sugar import demand.

Dealers, however, noted ongoing concerns about the ATR (sugar content) in top grower Brazil's cane in 2025/26.

France's constitutional court on Thursday blocked the re-introduction of a pesticide accused of harming bees.

White sugar LSUc1 rose 1.8% to $471 a ton.

COCOA

London cocoa LCCc2 ​​settled up 6 pounds, or 0.1%, at 5,415 pounds per ton. It gained only 1% in the week.

New York cocoa CCc2 fell 1% to $7,978 a ton on Friday, but gained 6% in the week as currency variation supported the NY contract.