Cocoa futures fell for the second time in three sessions on signs that global demand is ebbing. Sugar and orange juice also slid, while coffee and cotton advanced.
European cocoa-bean processing fell 6.2 percent in the fourth quarter, bringing the 2012 total to a seven-year low, according to the European Cocoa Association. Grinding in North America fell 4.4 percent on increasing inventories amid a faltering economy, according to the average of 10 analysts in a Bloomberg survey.
“The European grind was very bad, so the attitude will be bearish either way” for prices, Jack Scoville, a vice president for Price Futures Group, said in an e-mail from Chicago.
Cocoa for March delivery fell 0.7 percent to $2,252 a metric ton at 11:09 a.m. on ICE Futures U.S. in New York. The price is down 0.7 percent since Jan. 10.
The Washington-based National Confectioners Association will release its North American processing data on Jan. 17.
Also in New York, raw-sugar futures for March delivery retreated 0.4 percent to 18.82 cents a pound.
Orange-juice futures for March delivery fell 0.5 percent to $1.109 a pound on ICE.
Arabica-coffee futures for March delivery climbed 0.8 percent to $1.5465 a pound in New York, after touching $1.565, the highest for a most-active contract since Nov. 29.
Cotton futures for March delivery gained 0.5 percent to 75.88 cents a pound on ICE.
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