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ICE cocoa futures hit a three-year high but closed lower along with coffee and sugar

Published: 2025-08-21 Author: World Gafei
Last Updated: 2025/08/21, New YORK (Reuters)-ICE cocoa futures jumped to a three-year high on Thursday, but closed lower along with Arabica coffee and raw sugar futures on the back of a small profit-taking sell and investors liquidating their positions ahead of the Independence Day holiday.

Benchmark ICE- September cocoa futures closed down $11, or 0.4%, at $3106, earlier hitting $3149, the highest since August 2011.

Barry Callebaut, the world's largest chocolate maker, said in its results on Thursday that its sales of chocolate in emerging markets rose 18.2 per cent in the first nine months of fiscal 2013. The news led to a rebound in cocoa futures from a nearly one-month low hit on June 25.

Traders say the global cocoa market is close to the balance of supply and demand in 2013 / 14.

London International Financial Futures and options Exchange (LIFFE)-September cocoa futures closed down 4 pounds at 1927 pounds per tonne.

ICE- 's October raw sugar contract closed down 0. 6 cents at 17. 81 cents.

London International Financial Futures and options Exchange (LIFFE)-the August white sugar contract fell in early trading before rebounding by late buying to close up $2.60 at $470.10 a tonne.

ICE- September Arabica coffee futures fell 2 cents, or 1.2%, to close at $1.7180 a pound. LIFFE- September Robusta coffee futures rose $21, or 1.1%, to $2068 a tonne.

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