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Monday, February 28, 2011

Liffe cocoa sets 7-month peak on Ivorian conflict


    * Liffe May cocoa  ends up 18 pounds at 2,368 pounds a tonne after earlier hitting 2,377 pounds, the highest level for the benchmark second month since July 2010. Market supported by fighting in top grower Ivory Coast which has raised the prospect of a return to open war.

   * Liffe May robusta coffee <LRCc2> ends up $10 at $2,339 a tonne. Market supported by renewed strength in arabica market although a rise in exports from Vietnam helped to cap gains.

   * Liffe May white sugar <LSUc1> rises $21.40 to close at $726.40 a tonne. Market remains extremely volatile in the run-up to Monday's expiry of the March raw sugar contract on ICE.
https://portal.hpd.global.reuters.com/site/applist.aspx