Cocoa closes higher on the New York Stock Exchange as global supply increases
On the New York Stock Exchange, cocoa futures contracts ended this Friday's session (12) on a high. The maturity for September advanced 1.84%, closing at US$ 3,868 per ton.
Despite the appreciation at closing, the market remains attentive to signs of an increase in global supply. According to information from Barchart, commodity prices faced pressure throughout the week after new data indicated greater availability of the product in Côte d'Ivoire, the world's main cocoa producer.
The African country revised upwards its estimate for receiving cocoa at ports, adding more than 260 thousand tons to the volume projected for the current season. Accumulated data shows that producers sent 1.95 million tons to ports between October 1, 2025 and June 7, 2026, a volume 18.9% higher than that recorded in the same period of the previous cycle.
The growth in shipments reinforces expectations of a more robust supply in the global market, a factor that continues to be monitored by investors.
Coffee
Arabica coffee futures contracts ended the session higher on the New York Stock Exchange. The month for September advanced 1.26%, closing at US$2.53 per pound.
The market continued the appreciation movement that began the day before, sustained by concerns about the pace of the Brazilian harvest. Climate forecasts indicate significant amounts of rain in the country's main producing regions, which could make field work difficult and delay the entry of the new harvest into the market.
According to the climate monitoring company Vaisala, moderate to heavy rainfall is expected throughout this week in the coffee growing areas of Brazil. Furthermore, meteorological models indicate that rain may also persist into next week, increasing operators' attention to product supply.
Sugar
In this session, sugar due for delivery in October fell 0.77% on the New York Stock Exchange, closing at 14.23 cents per pound.
The commodity continued to be pressured by external factors. The strengthening of the dollar reduced the competitiveness of sugar traded in US currency, while the prospects of a possible provisional agreement between the United States and Iran fueled expectations of greater fluidity in trade in the commodity in the Middle East.
As a result, prices in New York reached their lowest level in the last seven weeks, reflecting the increase in seller appetite and investors' caution in the face of the international scenario.
On the other hand, the market found some support in the new projections from the Czarnikow consultancy. The company revised its estimate for the global sugar balance in the 2026/27 harvest, reducing the forecast surplus from 1.4 million tons to a deficit of 10 thousand tons. The change reflects the greater use of sugarcane for ethanol production in Brazil, favored by higher oil prices on the international market.
Cotton
Cotton with a futures contract for delivery in December closed with a slight increase of 0.08% and priced at 76.42 cents per pound.
Orange Juice
Orange juice futures contracts ended the session lower. July maturity fell 0.57%, closing at US$ 1.64 per pound.
Source: CNN