Robusta coffee edges higher on heavy rains in Vietnam
Adds quote, updates prices
LONDON, Oct 30 (Reuters) -Robusta coffee futures were rose slightly on Wednesday as heavy rains in top producer Vietnam dented the outlook for the coming harvest.
COFFEE
* January robusta coffee LRCc2 was up 0.8% at $4,433 a metric ton by 1514 GMT, edging further away from last week's 2-1/2 month low of $4,296.
* Dealers said some support was provided by adverse weather in top robusta producer Vietnam, where the harvest is due to gather pace next month.
* "Tropical Storm Trami has brought heavy rains to the northern Central Highlands with a potential impact on robusta coffee," LSEG Commodities Research & Forecast said in a note.
* More rain is expected in the next week, increasing the probability of further flooding and crop damage, LSEG added.
* December arabica coffee KCc1 fell 0.1% to $2.4780 per lb.
COCOA
* March London cocoa LCCc2 lost 0.6% to 5,300 pounds a ton, slipping back after touching a two-week high of 5,399 pounds.
* Dealers said there remained no clear consensus on whether there will be a global surplus or deficit in the current 2024/25 season, contributing to continued volatility in prices.
* A technical note from Sucden Financial said the market was struggling to sustain a breach of key resistance at 5,359 pounds. "This level is crucial for determining further strength in the upside trend in the near term," the broker said.
* December New York cocoa CCc1 fell 0.4% to $7,237 a ton.
SUGAR
* March raw sugar SBc1 lost 0.6% to 21.95 cents per lb.
* Dealers said sluggish demand was helping to contain prices, though the market was underpinned by recent rains that could curtail cane crushing in Brazil.
* December white sugar LSUc1 fell 0.2% to $562.90 a ton.
Reporting by Nigel Hunt
Editing by Barbara Lewis and David Goodman
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