Arabica coffee steadies amid further signs of growing Brazil supplies

By Reuters News

LONDON, Sept 29 (Reuters) - Arabica coffee futures on the ICE exchange steadied on Tuesday, reversing the prior session's technically driven gains as further signs emerged of growing supplies from top producer Brazil.

Sugar and cocoa rose meanwhile.

COFFEE

* Arabica coffee edged 0.1% lower at $2.8845 per lb​ at 0933 GMT​, after closing up 3.6% on Monday.

* Brazil's coffee exports are on track to set a record in September, with shipments to date 34% higher than a year ago.

* Brazil is wrapping up what is set to be a record 2026 coffee harvest, which is putting coffee under pressure overall.

* However quality concerns mean actual availability might disappoint, while technical signals are also prompting some selling.

* Robusta coffee slipped 0.5% to $3,370 a metric ton.

COCOA

* London cocoa rose 0.8% to £4,211 pounds per ton, having closed down 0.7% on Monday.

* Heatwaves in Europe this summer and higher chocolate prices dented demand, Lindt & Spruengli LISN.S said as it cut its 2026 sales forecast for a second time this year.

* Against that however, rains in top growers Ivory Coast and Ghana remain light, raising concerns about the upcoming main crop.

* New York cocoa rose 0.9% to $5,637 a ton.

SUGAR

* Raw sugar rose 0.7% to 17.58 cents per lb, having closed down 0.2% on Monday.

* Oil prices were up on continued Middle East supply woes, boosting sugar by tempting cane mills to lower sugar output in favour of the biofuel ethanol.

* Top grower Brazil's sugar exports have slipped 9.3% so far in September, Trade Ministry data showed. Brazil's 2026 sugar harvest is projected to fall due to excessive rains and higher ethanol production.

* EU crop monitoring service MARS has cut its 2026 sugar beet yield forecast by 17%, saying rainfall came too late to reverse damage from this summer's heat and drought.

* White sugar rose 0.7% to $507.40 a ton.

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