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Latest From Stefan Uhlenbrock
Farmers were able to speed up harvesting in recent days as dry weather in most coffee producing areas was helpful, local consultancy Safras & Mercado said.
Arabica futures in New York ended with modest gains as the market took a breather from its recent slide.
The Global Sugar Alliance for Sugar Trade Reform and Liberalization called on India, Pakistan and the European Union to eliminate subsidies which it blamed for creating a sugar supply glut and weak prices.
Raw sugar futures in New York ended with further losses as the benchmark October contract dropped another 11 points to settle at 10.97¢/lb, just above the lower end of the day's 10.93-11.11¢ range.
The European Commission has cut its forecast for sugar production in the bloc in 2018/19 to 20.1 mln tonnes from a previous projection of 20.4 mln, according to its quarterly short-term agricultural outlook report.
Raw sugar futures in New York ended with slight gains in the actively traded months and modest losses in the deferred deliveries in the first session after the Independence Day break.