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SOFTS-Cocoa slumps to two-month low, coffee and sugar rise

ReutersSep 22, 2025 12:15 PM

- Cocoa futures on ICE fell to two-month lows on Monday with weak demand seen leading to a global surplus in the upcoming 2025/26 season, while coffee and sugar were higher.

COCOA

* London cocoa LCCc2 lost 1.8% to 4,967 pounds a metric ton by 1119 GMT after setting a two-month low of 4,964 pounds.

* Dealers said the prospect of a substantial global surplus in the upcoming 2025/26 season (October/September) driven partly by weak demand was keeping the market on the defensive.

* New York cocoa CCc2 was down 1.5% at $7,119 a ton after hitting a two-month low of $7,108.

* Ecuador is on course to produce more than 650,000 metric tons of cocoa in the upcoming 2025/26 season and could surpass Ghana as the world's second largest grower of the chocolate ingredient, the chairman of the country's cocoa exporters association said.

COFFEE

* Arabica coffee KCc2 edged up 0.1% to $3.4650 per lb with the market stabilising after falling 12% last week.

* Dealers said the market had been pressured by funds' long liquidation against the backdrop of rains in Brazil which may aid the outlook for next year's crop.

* Robusta coffee LRCc2 gained 3.1% to $4,262 a ton with the market rebounding after falling by 10% last week.

SUGAR

* Raw sugar SBc1 rose 0.5% to 15.54 cents per lb, edging away from a 2-1/2 month low of 15.16 cents set last week.

* Dealers said favourable cane crop prospects for Asian producers including India and Thailand have put the market on the defensive.

* White sugar LSUc1 was up 0.35% at $457.30 a ton.

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