SOFTS -Cocoa falls after Barry Callebaut results and Trump tariffs u-turn

LONDON, April 10 (Reuters) - Cocoa prices fell on Thursday as weaker than expected results from chocolate and cocoa giant Barry Callebaut BARN.S overshadowed U.S. President Donald Trump's widely welcomed move to pause his sweeping trade tariffs for 90 days.

The Swiss chocolate maker and cocoa processor lowered its annual sales volume guidance, citing "unprecedented volatility" in cocoa bean prices, sending its shares down almost 20% and on track for their biggest one-day drop.

Sales volumes at Barry Callebaut, which provides ingredients used in one out of four chocolate and cocoa products consumed worldwide, are viewed as a barometer of global cocoa and chocolate demand.

The company, which supplies KitKat maker Nestle NESN.S, posted a volume decline of 4.7% in the first six months of the financial year to August 31 and forecast full-year sales volumes to drop by a mid-single digit percentage.

London cocoa LCCc2 ​traded down 1.5% at 6,006 pounds a metric ton by 1430 GMT while New York cocoa CCc2 slid 2.5% to $8,076 a ton. Both hit five-month lows on Wednesday.

Limiting losses in cocoa and boosting coffee and sugar was relief over Trump's announcement late on Wednesday that he would pause many of his tariffs, prompting the European Union to pause its planned counter measures.

Trillions of dollars were wiped off global equity values after the tariffs were announced late last week while U.S. government bond yields surged, indicating that confidence in the world's biggest economy had been shaken.

A dealer noted that the cocoa market was already concerned about demand after prices hit record highs last December and that the the U.S. and China remain embroiled in a trade war because the tariff pause does not apply to Beijing.

Robusta coffee futures LRCc2 traded up 3.4% at $4,959 a ton, having hit a four-month low on Wednesday, while arabica KCc2 rose 1.5% to $3.4555 per lb after touching a 2-1/2 month low on Wednesday.

"In the short term, prices are expected to remain volatile due to low coffee stocks in Brazil, slow sales from Vietnam and uncertainties regarding U.S. tariffs and the situation in the Red Sea," Rabobank said.

Raw sugar SBc1 traded up 2.6% at 18.38 cents per lb​​, having hit a one-month low on Wednesday. White sugar LSUc1 rose 2.4% to $525.40 a ton, having hit a two-month low on Wednesday.

Dealers said sugar is being boosted by gains in energy prices in the wake of Trump's latest tariffs announcement. Higher energy prices can tempt mills to increase output of cane-based biofuel ethanol at the expense of sugar.