LONDON, Dec 20 (Reuters) - New York cocoa futures edged up on Friday although prices remained well below a record high set earlier this week. Arabica coffee prices also rose.

COCOA

* New York cocoa futures on ICE CCc1 rose 0.4% to $12,157 a metric ton by 1253 GMT. The market climbed to a record high of $12,931 on Wednesday.

* Dealers said the market continued to derive support from a diminishing outlook for production in top grower Ivory Coast, with the potential for a fourth consecutive global deficit in the 2024/25 season.

* London cocoa LCCc1 fell by 0.1% to 9,651 pounds a ton.

* This year's record surge in prices has been fuelled by the exit of hedge funds that had oiled the workings of the cocoa market.

COFFEE

* Arabica coffee futures on ICE KCc2 rose 1.1% to $3.2735 per lb as the focus remained on the outlook for next year's crop in Brazil following a drought this year.

* Brazil's coffee crop is expected to reach 62.45 million 60-kg bags in 2025/26, a preliminary forecast released by agribusiness consultancy Safras & Mercado showed on Friday, which would represent a 5% drop from the previous season.

* The agribusiness consultancy said arabica coffee production was seen slipping 15% to 38.35 million bags while robusta output should hit 24.10 million bags.

* Forecasts for next year's arabica crop in Brazil have varied widely. Earlier this month, Volcafe forecast the arabica crop would total just 34.4 million bags while TRS by Expana projected a crop of 43 million bags.

* Robusta coffee LRCc2 rose 0.85% to $5,089 a ton.

SUGAR

* Raw sugar SBc1 rose 0.3% to 19.45 cents per lb, hovering just above the prior session's three-month low of 19.26 cents.

* March white sugar LSUc1 fell 0.3% to $507.70 a ton.

(Reporting by Nigel Hunt; Editing by Kevin Liffey)

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