Coffee plunges 4% on fund sell-off amid forecast for rains in Brazil

December New York cocoa settled up $3, or 0.1%, to $2,755 a tonne. The contract hit a 10-month high of $2,792 on Monday.

NEW YORK/LONDON: Arabica coffee futures on ICE closed more than 4% down on Tuesday as speculators liquidated part of their long position amid forecast for ample rains over coffee fields in the top grower Brazil.

Raw sugar closed up following the rally on energy prices.