London cocoa futures on ICE rose on Tuesday and were on track for the biggest monthly gain since November 2024, supported by concern that there could be a sharp decline in cocoa production in top grower Ivory Coast in the upcoming 2026/27 season.
COCOA
* London cocoa ICEEUR:C2! rose 1.2% to £3,769 a metric ton by 1002 GMT with the market on course for a monthly gain of 27.6%.
* Some analysts expect Ivorian production to fall to around 1.7 to 1.8 million metric tons in the 2026/27 season, down from around 2.2 million in 2025/26.
* Heavy rains flooded several cocoa plantations in Ivory Coast's cocoa-growing regions last week, threatening the development of the September to February main crop, farmers said on Monday.
* New York cocoa ICEUS:CC1! gained 0.8% to $5,008 a ton.
SUGAR
* Raw sugar ICEUS:SB1! rose 0.35% to 14.34 cents per lb, edging up towards the previous session's more than three-week high of 14.41 cents.
* The market was on track for a monthly gain of 2.3%.
* Dealers said the expiry of the July contract (SBN6) on Tuesday should provide a short-term focus.
* A delivery of around 750,000 to 850,000 tons was expected, sharply up from the July 2025 contract when only around 45,000 tons were tendered.
* White sugar ICEUS:SF1! gained 0.7% to $477.10 a ton, climbing back towards Monday's 9-1/2 month high of $481.90.
COFFEE
* Arabica coffee ICEUS:KC1! rose 1.1% to $2.8085 per lb.
* The market was on track for a monthly gain of 8.6%.
* Dealers said the focus remained on the harvest in top producer Brazil with recent rains slowing progress and raising some quality concerns.
* Robusta coffee ICEEUR:RC2! gained 0.9% to $3,595 a ton.