SOFTS-Robusta coffee loses some ground after recent surge

LONDON, Nov 19 (Reuters) - Robusta coffee futures on the ICE exchange slipped on Wednesday, after surging as floods hit top grower Vietnam's coffee belt and dealers bet the Trump administration's move to eliminate import tariffs on most coffee producers would spur U.S. bean demand.

COFFEE

Robusta coffee LRCc2 was down 1.1% to $4,522 a metric ton at 1424 GMT, having surged 6.2% on Monday and a further 2% on Tuesday.

A new round of floods and landslides triggered by torrential rain in central Vietnam since the weekend has killed at least eight people, a government report said, with traders also warning the ongoing coffee harvest could be hampered.

"Some coffee farms in low-lying areas of Dak Lak are deep in floodwater," a coffee trader based in the province said.

Another Vietnam-based dealer noted the coffee region is already saturated from the previous typhoons and that more rainfall is expected through to November 20.

Arabica coffee KCc2 fell 2.4% to $3.7850 per lb, having jumped 2.9% on Tuesday.

SUGAR

Raw sugar SBc1 ​rose 1% to 14.85 cents per lb.

Sugar supplies are ample with a global surplus anticipated in the current 2025/26 season, partly due to favorable weather in key Asian producing countries.

No. 2 sugar grower India is considering raising the floor price for sugar sales in the domestic market as part of efforts to help mills saddled with surplus stocks, sources said.

White sugar LSUc1 rose 0.9% to $424.10 a ton.

COCOA

London cocoa LCCc2 ​fell 2.6% to 4,011 pounds a ton with the market testing psychological support around 4,000 pounds.

Dealers said price charts remained bearish with the market now below key moving averages.

"The dominant trend remains firmly downward until the contract can reclaim the 10- and 40-day moving averages," broker Sucden Financial said in a note.

New York cocoa CCc2 lost 2.65% to $5,284 a ton.