London cocoa hits 2-1/2 month low, while sugar slides
London cocoa futures fell to a 2-1/2 month low on Wednesday as the 2025/26 main crop season got underway in top grower Ivory Coast, while raw sugar prices were down sharply following a large delivery against the October contract that expired this week.
COCOA
* London cocoa 
C2! fell 0.4% to 4,725 pounds a metric ton by 1419 GMT, after setting a 2-1/2 month low of 4,707 pounds.
* Ivory Coast's Coffee and Cocoa Council (CCC) is expected to announce the new farmgate price for cocoa at the opening ceremony of the 2025/26 marketing campaign on Wednesday.
* The main crop harvest in Ivory Coast is likely to see strong early arrivals, partly due to cocoa being held back to benefit from an expected higher farmgate price.
* Dealers said the combination of a strong early flow of cocoa out of Ivory Coast and Ghana and weak demand could put further downward pressure on prices.
* New York cocoa CC2! was down a marginal 0.1% at $6,790 a ton, underpinned by the weakness of the dollar.
SUGAR
* Raw sugar 
SB1! fell 2.9% to 16.12 cents per lb.
* Deliveries of raw sugar on the expiry of the October contract on ICE Exchange totalled 30,032 lots, or around 1.52 million metric tons, said the exchange in a notice on Wednesday, confirming preliminary information from traders.
* Most of the sugar will be loaded at the Brazilian ports of Santos and Paranagua.
* White sugar SF1! lost 2.9% to $454.80 a ton.
COFFEE
* Arabica coffee 
KC2! rose 1.9% to $3.6590 per lb as the market extended its recent rebound.
* The market was awaiting a planned meeting this week between U.S. President Donald Trump and Brazilian President Luiz Inacio Lula da Silva, though no date has been announced.
* The meeting is expected to discuss the 50% U.S. tariff on Brazilian coffee, which has curtailed trade between the two countries.
* Robusta coffee RC2! was up 3.5% at $4,334 a ton.
