
NEW YORK, Dec 24 (Reuters) - 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 and 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 settled up 0.1% to $5,966 a ton.
COFFEE
Arabica coffee KCc1 settled down 0.5% at $3.4515 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 up 0.9% at $3,858 a ton with farmer selling in top robusta producer Vietnam slowing after the recent fall in prices.
SUGAR
Raw sugar SBc1 settled up 0.6% at 15.29 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.