Robusta coffee gains after Monday's sharp slide, cocoa slips
LONDON, Sept 3 (Reuters) -Robusta coffee prices on ICE rallied on Tuesday, reversing in part the prior session's sharp slide as dealers renewed their focus on supply risks, while cocoa prices edged lower.
COFFEE
* November robusta coffee LRCc2 rose 2.9% to $4,839 a metric ton at 1226 GMT, having closed down 5% on Monday.
* Prices remain some way off last week's peak of $5,180 which was the highest level in at least 16 years.
* Robusta prices remain underpinned by longstanding concerns that extreme heat earlier this year in top producer Vietnam could reduce the upcoming harvest there.
* Keeping price gains in check however, dealers said farmers in Indonesia, the world's second largest robusta exporter, are more willing to release their coffee thanks to high prices.
* December arabica coffee KCc2 fell 0.6% to $2.4255 per lb.
* Honduran coffee exports dipped 19.4% in August compared to the same period last year, the Honduran Coffee Institute (IHCAFE) said, citing diseases hitting harvests.
COCOA
* December London cocoa LCCc2 fell 0.4% to 5,307 per ton, with an improved outlook for next season's crops in top producer Ivory Coast helping keep a lid on prices.
* No. 2 producer Ghana will increase the state-guaranteed price paid to its cocoa farmers by nearly 45% for the 2024/25 season, two sources told Reuters.
* December New York cocoa CCc2 fell 1.8% to $7,536 a ton.
SUGAR
* October raw sugar SBc1 rose 0.8% to 19.54 cents per lb.
* Sugar is being underpinned by No. 2 producer India's decision to allow sugar mills to use cane juice to produce ethanol.
* Keeping sugar's gains in check however, are forecasts for ample rainfall in key producers India and Thailand.
* October white sugar LSUc1 rose 2.3% to $544.20 a ton.
Reporting by Maytaal Angel; Editing by Alexander Smith
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