London coffee futures inched higher in light trade at midsession on Wednesday, waiting for the New York market to set a direction, traders said.
Benchmark July was up $4 at $805 a tonne at 1046 GMT, having moved between $808 and $799 in low volume of 802 lots.
October was up $1.0 at $782 in volume of 320 lots.
"The market has not done much - it is a few points higher (July contract)," one trader said. "We saw a correction yesterday in London and New York, and the London market is now cautious, waiting to see what New York will do."
Another trader said, "The London coffee futures market is consolidating after the big gains we have had recently."
CSCE Arabica coffee futures tumbled to a weak close on Tuesday on speculative profit-taking and producer sales after fears of cold weather in Brazil dissipated.
COCOA DOWN: London cocoa futures settled sharply down on Wednesday having tested key support at 790 pounds per tonne, falling more than four percent at one stage when funds triggered sell stops, traders said.
Benchmark July ended down 34 pounds at 775 pounds per tonne on 5,354 lots out of total turnover of 10,811 lots, having moved between 808 and 770.
Second month September closed 34 pounds lower at 790 on 2,604 lots.
"It's pretty much a combination of fund stops," a trader said.
"New stops kept coming out and we never looked back. It was mostly a repeat performance of yesterday."
Prices closed sharply down on Tuesday having tested key support at 800, tumbling more than five percent at one stage on hedge and trade selling, traders said.
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