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SOFTS-Cocoa rises as investors weigh West Africa tensions, commodities index inclusion
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SOFTS-Cocoa rises as investors weigh West Africa tensions, commodities index inclusion
Nov 4, 2025 12:32 PM

(Adds comments, closing prices)

NEW YORK, Nov 4 (Reuters) -

Cocoa futures on ICE rose on Tuesday after soaring in the

prior two sessions as investors priced in news of cocoa's

inclusion in a major commodities index and simmering tensions in

Nigeria and Cameroon, the world's fourth- and fifth-largest

producers.

COCOA

* New York cocoa settled up $41, or 0.6%, at $6,600 a

metric ton, having closed up 6.6% on Monday.

* London cocoa rose 1.3% to 4,849 pounds per ton

after hitting 4,864 pounds, its highest since late September.

* The chocolate ingredient has been boosted by plans for New

York cocoa to be included in the Bloomberg Commodity Index from

next year.

* Citi estimates cocoa futures could have an investment

inflow of $2.1 billion following the index inclusion.

* Elsewhere, tensions in Cameroon remain high following last

week's contested election, while U.S. President Donald Trump has

ordered the military to prepare for action in Nigeria to tackle

Islamist militant groups.

* "These two nations are expected to produce a total of

715,000 metric tons (this season)," noted broker StoneX.

* On the downside, analysts at Zuercher Kantonalbank

estimate

Barry Callebaut

will report a 9% decline in fourth-quarter sales

volumes on Wednesday.

SUGAR

* Raw sugar settled down 0.43 cents, or 2.9%, at

14.22 cents per lb, heading back towards last week's five-year

low of 14.07.

* Associated British Foods ( ASBFF ) on Tuesday reported a 13%

drop in full-year profit driven by a weak performance in its

sugar unit.

* Fundamentals remain bearish in sugar, with the prospect of

a substantial global surplus in the 2025/26 season.

* White sugar fell 2.3% to $413.40 a ton.

COFFEE

* Robusta coffee fell 0.3% to $4,681 a ton, after

gaining more than 3% on Monday.

* Dealers noted that typhoon Kalmaegi is projected to pass near

top robusta grower Vietnam's central coast by November 7, and

that while the storm's centre is expected to remain offshore,

rains could still reach the Central Highlands coffee belt.

* Arabica coffee fell 0.3% to $4.0525 per lb, having

settled up 3.7% on Monday.

* The next step in trade talks between Brazil and the United

States is unclear, with Brazilian President Luiz Inacio Lula da

Silva saying the country is ready to talk.

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