Cocoa rebounded in London on signs an extended dry period in West Africa, the world’s main growing region, could reduce yields for the next crop. White sugar rose and robusta coffee was little changed.
Cocoa fell for a second day in New York as bean processing in Europe was weaker than analysts anticipated and rain in Ivory Coast eased concern dry weather would hurt the development of the next crop. Coffee retreated.
European cocoa-bean processing may have been bigger than reported in the third quarter because Fuchs & Hoffmann GmbH, a grinder in Germany that provided no figures for the period, was processing at full capacity.