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ICE raw sugar futures hit an one-month level and coffee futures fell due to rainfall in Brazil.

Published: 2026-07-12 Author: World Gafei

Last Updated: 2026/07/12, New YORK / London (Reuters)-Intercontinental Exchange (ICE) raw sugar futures hit an one-month high on Wednesday, while Arabica coffee futures fell on expectations that rains in Brazil will ease pressure on sugar and coffee crops in Brazil. Cocoa futures in New York fell on spread trading and strong supply in West Africa. ICE- March raw sugar futures closed down 0.17 cents, or 1.1%, at 15.51 cents per pound.

New YORK / London (Reuters)-Intercontinental Exchange (ICE) raw sugar futures hit an one-month high on Wednesday, while Arabica coffee futures fell on expectations that rains in Brazil will ease pressure on sugar and coffee crops in Brazil.

Cocoa futures in New York fell on spread trading and strong supply in West Africa.

ICE- March raw sugar futures closed down 0.17 cents, or 1.1%, at 15.51 cents a pound, close to an intraday low of $15.50.

Rainfall in sugarcane-growing areas in south-central Brazil for the rest of the week "will improve soil moisture," US weather service company MDA Weather Services said in a daily report.

London International Financial Futures and options Exchange (LIFFE) December sugar futures expiring on Nov. 14 closed down $1.70, or 0.4%, at $415 a tonne.

ICE- March Arabica coffee futures KCZ5 >, the most actively traded, closed down 1.95 cents, or 1%, at $1.9055 a pound, close to an one-month low of $1.840 hit on Tuesday.

Rainfall in Brazil has slightly improved the growth prospects of crops next year, but the market is still worried about the impact of dry weather in Brazil earlier this year on crops.

LIFFE- January Robusta coffee futures fell $14, or 0.7%, to close at $2026 a tonne.

ICE- March cocoa futures closed down $7, or 0.2%, at $2870 a tonne. Liffe- March cocoa futures closed down 1 pound, or 0.05%, at 1878 a tonne.

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