Cocoa, coffee and sugar recover from previous session's slump
Updates prices
LONDON, Nov 7 (Reuters) -Cocoa, coffee and sugar futures on ICE rose on Thursday, recovering from Wednesday's slump after Donald Trump's election as U.S. President as the dollar backed off post-election highs.
COFFEE
* January robusta coffee LRCc2 rose 3.2% to $4,443 a metric ton by 1524 GMT after hitting a 2-1/2 month low on Wednesday.
* Robusta remains under pressure overall thanks to the coming harvest in top robusta producer Vietnam, which should gather pace this month.
* Prices in Vietnam edged down this week, though there are concerns about an approaching typhoon that could hinder the picking and drying of beans.
* December arabica coffee KCc1 rose 3.4% to $2.5720 per lb.
* Rains continue to fall in top producer Brazil, potentially boosting 2025 crop prospects, while dealers noted the premium for near versus far-dated coffee futures continues to narrow.
* This indicates the market expects tightness to ease and is bearish for prices.
* Brazil exported 279,261 tons of green coffee in October vs 249,375 tons a year ago, data showed.
SUGAR
* March raw sugar SBc1 rose 1.3% to 22.31 cents per lb, having settled 0.6% up on Wednesday.
* Prices are edging higher after falling early on Wednesday along with other commodities under pressure from a stronger dollar.
* Rains continue to fall over Brazil's sugar areas, but crop development is likely to take longer this time because fields are in poor condition.
* Dealers also said that the rains are expected to slow harvest and production in the near term and perhaps bring an early end to the current season.
* December white sugar LSUc1 rose 1.5% to $564.20 a ton.
COCOA
* March New York cocoa CCc2 was up 3.9% at $6,935 a ton, having lost 4% on Wednesday.
* An expected partial recovery in Ghana's cocoa production this year should lessen supply concerns, though a below-average crop is still expected.
* Dealers noted heavy rains and floods in top producer Ivory Coast and that potential brown rot could mean cocoa port arrivals tail off in December.
* March London cocoa LCCc2 rose 3.8% to 5,462 pounds a ton after falling 2.4% on Wednesday.
Reporting by Maytaal Angel
Editing by David Goodman and David Evans
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