SOFTS — London cocoa sets one — month peak, coffee also climbs

(Adds background, updates prices) LONDON, Oct 14 (Reuters) — London cocoa futures rose to a one-month high on Wednesday, supported by concerns that dry weather could curb production in West Africa this season. Cocoa London cocoa rose 2.1% to £4,383 per metric ton by 1355 GMT after setting a one-month high of £4,499. Dealers said dry weather in Ivory Coast and parts of Ghana had contributed to the run-up in prices, heightening concerns about the impact of an El Nino weather event on crops. They noted third-quarter cocoa grind data should provide a short-term focus. Reports covering both Europe and North America are due to be issued on Thursday. New York cocoa gained 1.7% to $5,829 a ton. Coffee Arabica coffee rose 2.7% to $3.0055 per lb. Dealers said the market was supported partly by concerns that an El Nino event will curb global production in the 2027/28 season. The recent strength of Brazil's real currency, linked to the growing expectations that Flavio Bolsonaro will be elected president after his victory in the first round, has also boosted dollar-denominated prices. A strong real reduces the incentive for farmers in Brazil to sell their coffee by lowering dollar-based prices