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SOFTS-London cocoa ends lower as sterling strengthens

ReutersDec 24, 2025 12:47 PM

- London cocoa futures closed lower on Wednesday weakened partly by the strength of sterling against the dollar while sugar and robusta coffee prices rose.

London-based cocoa, robusta coffee and white sugar contracts had an abbreviated session on Wednesday and will be closed on Thursday and Friday for the Christmas holidays.

New York-based cocoa, arabica coffee and raw sugar markets will be shut on Thursday but reopen on Friday.

COCOA

London cocoa LCCc1 settled 2% lower at 4,216 pounds a metric ton.

Dealers said a short covering bounce appeared to have run out of steam with the focus returning to weak demand and the prospect of a global surplus in the 2025/26 season.

New York cocoa CCc1 fell 0.6% to $5,924 a ton by 1234 GMT.

COFFEE

Arabica coffee KCc1 fell 0.4% to $3.4560 per lb.

Dealers said the outlook for next year's crop in top arabica producer Brazil appeared to be improving although a pick-up in roaster buying after the recent decline in prices had helped underpin the market.

Robusta coffee LRCc2 settled 0.9% higher at $3,858 a ton with farmer selling in top robusta producer Vietnam slowing after the recent fall in prices.

SUGAR

Raw sugar SBc1 was up 0.7% at 15.31 cents per lb.

Raw sugar speculators trimmed a net short position by 4,630 contracts to 1,056 in the week to Dec. 16, according to CFTC data.

White sugar LSUc1 ended 0.8% higher at $435.20 a ton.

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