Robusta coffee futures climb

LONDON, July 8 (Reuters): Robusta coffee futures on ICE rose sharply on Monday, buoyed by supply tightness driven by slow exports from Vietnam and strong demand, while sugar prices were also higher.

September robusta coffee rose 3.6 per cent to $4,334 a metric ton by 1222 GMT, climbing towards a record high of $4,394 set on June 6.

Dealers said the pace of exports from Vietnam remained slow, with supplies in the world's top robusta producer set to remain tight until the next harvest gathers pace in November.

September arabica coffee was up 2.4 per cent at $2.3435 per lb, helped by concerns over dry weather in Brazil.

SUGAR

October raw sugar rose 0.7 per cent to 20.28 cents per lb.

Dealers said concern over the impact of dry weather on Brazil's harvest continued to support prices despite strong production so far in the 2024/25 season.

"CS (Centre-South) Brazil's first half June sugar production was exceptional, but there are lingering concerns regarding cane conditions after drought," analysts Green Pool said in a weekly update.

August white sugar, which expires next week, was up 0.05 per cent at $575.30 a ton.