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NewsSignals AI analysis·Reuters·

Cocoa futures hit one month low, arabica coffee tumbles

Grade Bbearish AI signal$COCOA$KC$RC$SB$SF
Cocoa and arabica coffee futures hit multiweek lows as ample cocoa stocks, weak chocolate demand and expectations for record Brazilian coffee exports weighed on prices. New York cocoa touched $5,274 per ton, while arabica coffee fell 2.1% to $2.7805 per pound; the global chocolate market contracted 4.3% in the year to August, according to Barry Callebaut. Continued stock accumulation and export pressure could keep cocoa and coffee prices under pressure, although potential El Niño-related crop losses may limit cocoa's downside.</summary>

Bullish strength: 20/100

  • Potential El Niño-related crop losses could reduce cocoa production in Ivory Coast and Ecuador.
  • Sugar rose 0.3% after India's weak monsoon threatened sugarcane and corn crops.

Bearish strength: 80/100

  • Cocoa stocks remain ample and demand for chocolate is muted.
  • The global chocolate market contracted 4.3% in the year to August.
  • Brazilian coffee exports could reach record levels, potentially exceeding demand.
  • Arabica coffee fell 2.1% and hit a more than one-month low.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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