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Cocoa futures fall below $10,000 but poised for fourth weekly gain



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LONDON, June 14 (Reuters) -New York cocoa futures on ICE fell below$10,000 a ton on Friday, but was heading for a fourth week of gains as the market continues to assess a steep supply squeeze.

COCOA

* September New York cocoa CCc2 was down 3.5% at $9,755 a metric ton at 1425 GMT after hitting a six-week high of $10,308 on Thursday.

* Dealers said cocoa was being underpinned by news thattop producer Ivory Coast has halted forward sales for next season's crop at levels35% below this time last year as it awaits more clarity on expected production.

* The world's largest cocoa producer has also suspended purchases and exports for June - and could extend the suspension -in an effort to retain sufficient stock for local processors, who have run out of beans.

* Ghana, the world's second-largest cocoa producer, is meanwhile looking to delay delivery of up to 350,000 tons of beans to next season because of poor crops and has sold forward just 100,000 tons of beans for 2024/25.

* September London cocoa LCCc2 ​​fell 2.4% to 8,027 pounds a ton after hitting a six-week high of 8,299 pounds in the previous session.

SUGAR

* July raw sugar SBc1 was down 1.5% at 19.30 cents per lb.

* Dealers said the market could be pricing in the end of harvest in top producer Brazil, with productivity below expectations.

* Against that, however, a weakening Brazilian real BRL= is prompting Brazilian exporters to sell dollar-priced sugar by raising returns in local currency terms.

* August white sugar LSUc1 fell 1% to $561.90 a ton.

COFFEE

* September robusta coffee LRCc2 lost 2.8% to $3,978 a ton. The market hit a record high of $4,394 last week.

* September arabica coffee KCc2 was down 1.2% at $2.2360 per lb.



Reporting by Maytaal Angel; Editing by David Goodman and Shailesh Kuber

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