SOFTS-Cocoa prices extend fall as global surplus looms, coffee also down

(Updates with comments on coffee, weekly price moves) NEW YORK, Oct 10 (Reuters) – Cocoa futures on ICE fell on Friday to post an eighth consecutive weekly loss, with rising global production and weak demand set to lead to a global surplus in the 2025/26 season that began last week. Coffee prices also fell. COCOA * London cocoa ​​settled down 77 pounds, or 1.8%, to 4,155 pounds per metric ton. * New York cocoa fell 1.7% to $5,892 a ton, after setting a more than 1-1/2-year low of $5,870. * Both London and New York cocoa contracts lost 5% in the week, and have now posted losses for eight consecutive weeks, with New York losing 33% in that period and London losing 28%. * Dealers said supplies had been boosted by the start of main crop harvests in West Africa while third-quarter grinding data later this month for Europe, North America and Asia is expected to show year-on-year declines. * "In West Africa, we believe that improved weather conditions will be favourable for cocoa production, and we also flag the recent increase in farmgate prices in both Ghana and Cote D'Ivoire as an upside risk for production," research firm BMI said in a note. * Ivory Coast and Ghana are the world's top two producers. SUGAR * Raw sugar ​​​settled down 0.16 cent, or 1%, at 16.10 cents per lb, after posting a two-week low of 15.97. The market lost 2.2% in the week. * Dealers said the prospect of a global surplus in the 2025/26 season was keeping the market on the defensive with a rise in production in India and Thailand set to boost supplies while global consumption is set to remain flat. * They noted that a weaker Brazilian currency was boosting sales by mills. * White sugar fell 0.2% to $450.40 a ton. COFFEE * Arabica coffee settled down 4.05 cents, or 1.1%, at $3.5635 per lb. The market posted a 4.7% weekly loss. * Dealers said the arabica coffee market was under pressure due to rains in Brazil , with some areas getting around 30 mm of precipitation. The extra moisture will improve conditions for next year's crop. * There was also expectation for a deal between the U.S. and Brazil on trade that could include coffee. * Robusta coffee fell 1.8% to $4,391 a ton, having lost 3% in the week. (Reporting by Nigel Hunt and Marcelo Teixeira; Editing by Maju Samuel and Mark Porter)

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