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ICE coffee fell due to negative technical signals and uncertainty about crop damage caused by drought in Brazil

Published: 2026-07-17 Author: World Gafei

Last Updated: 2026/07/17, June 2-Coffee futures fell in trading volatility on Monday as speculators and producers continued to sell as technology was weak and uncertainty over the damage to crops caused by drought in Brazil, the world's largest grower.

Cocoa futures in New York and London were mixed, while raw sugar futures fell as traders continued to take profits on the rally and ample global supply put pressure on the market.

Intercontinental exchange (ICE)-July Arabica coffee futures closed down 5.15 cents, or 2.9%, at $1.7235 a pound, closing below $1.7408, the 100-day moving average.

London International Financial Futures and options Exchange (LIFFE)-July Robusta coffee futures closed down $4, or 0.2%, at $1933 a tonne.

ICE- 's July cocoa contract closed down $2, or 0.07%, at $3069 a tonne, hovering below Friday's 2011 high of $3082.

The ICE- cocoa contract closed up $2, or 0.07%, at $3072 in September, hitting a 33-month high of $3080.

London cocoa futures were flat at £1932 a tonne in September.

ICE- July raw sugar futures closed down 20 cents, or 1.2%, at 17.18 cents per pound, while LIFFE- August white sugar contract fell $3.40, or 0.7%, to close at $467.50 a tonne.

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