(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.