Sugar slips on continued high supply while cocoa steadies off two-year lows

Sugar prices fell 0.5% to 14.63 cents per lb due to high supply, with forecasts indicating a tighter market ahead. The global sugar surplus is expected to decrease significantly by the 2026/27 season. Cocoa steadied at 2,904 pounds a ton after hitting a two-year low, with concerns over unsold stocks in major producing countries. Cocoa demand has declined as prices surged, leading to reformulations by chocolate makers. Robusta coffee rose 0.6% while Arabica coffee fell 1.5%.