SOFTS-Coffee prices fall sharply with US set to cut tariffs

LONDON, Nov 12 (Reuters) - Coffee prices fell sharply on Wednesday with the U.S. appearing set to cut import tariffs, potentially easing supply tightness in the world's top consuming country.

COFFEE

Arabica coffee KCc2 lost 4.1% to $3.8280 per lb by 1518 GMT.

U.S. Treasury Secretary Scott Bessent on Wednesday said Americans would see "substantial announcements" in coming days aimed at lowering the prices of products like coffee, bananas and other items not grown in the U.S.

His comments followed President Donald Trump on Tuesday saying the U.S. will lower some tariffs on coffee imports.

Dealers said top robusta producer Vietnam was best placed among major producers to see tariffs cut by Trump with the outlook for Brazil and Colombia remaining less clear.

Vietnam is working to sign a trade agreement with the United States soon, Deputy Prime Minister Bui Thanh Son said on Wednesday as a new round of negotiations starts in Washington.

The market was also awaiting a U.S. Supreme Court ruling on Trump's use of emergency powers to impose sweeping international tariffs.

Robusta coffee LRCc2 fell 4% to $4,435 per metric ton.

SUGAR

Raw sugar SBc1 rose 1% to 14.39 cents per lb as the market pulled further away from last week's five-year low of 14.04 cents.

The Egyptian Sugar and Integrated Industries Company cancelled a raw sugar tender on Wednesday. ESIIC said earlier that it had set a tender to buy 50,000 tons of raw sugar cane with the offer deadline set for Saturday.

White sugar LSUc1 gained 1.5% to $414.20 a ton.

COCOA

London cocoa LCCc2 rose 1.5% to 4,266 pounds a ton, regaining some ground after a 5.4% fall on Tuesday.

Dealers said that potential postponement of implementation of the EU anti-deforestation law for a year had weighed on prices, though significant uncertainty remains.

New York cocoa CCc2 fell 1.1% to $5.864 a ton.