Coffee, cocoa futures slip
London cocoa futures were down 0.3% at 5,500 pounds a metric ton at 1200 GMT, having closed up 3.5% on Thursday. Malaysia said on Friday the US, which has slapped a 19% tariff on the country, is open to not imposing tariffs on cocoa, rubber and palm oil, though a deal is still being finalised.
New York futures fell 0.5% at $8,458 a ton, having closed up 3.3% on Thursday. Arabica coffee futures fell 2.5% to $2.8850 per lb, having closed up 0.8% on Thursday.
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Raw sugar fell 0.7% to 16.24 cents per lb. Sugar production in Brazil's key center-south region rose 15.07% in the first half of July when compared to the year-earlier period, industry group UNICA said. While white sugar lost 0.5% to $465.50 a ton.
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