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SOFTS-Cocoa slumps to two-month low, arabica coffee extends fall

ReutersSep 22, 2025 2:53 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 arabica coffee and sugar were also down.

COCOA

* London cocoa LCCc2 lost 1.3% to 4,994 pounds a metric ton by 1439 GMT after setting a two-month low of 4,890 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.

* They noted rains across the cocoa growing regions of Ivory Coast last week were expected to boost the outlook for the 2025/26 main crop in the world's top producer.

* New York cocoa CCc2 was down 2% at $7,083 a ton after hitting a two-month low of $6,942.

* 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 fell 1.1% to $3.4195 per lb with the market extending its recent decline 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 1.7% to $4,205 a ton with the market regaining some ground after falling by 10% last week.

SUGAR

* Raw sugar SBc1 fell 0.5% to 15.38 cents per lb, slipping back down towards last week's 2-1/2 month low of 15.16 cents.

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

* White sugar LSUc1 was down 0.8% at $452.10 a ton.

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