THIS GIVES YOU INFORMATION ABOUT MARKET OF COFFEE AND COCOA (NEWS, TODAY CLOSING FORECAST, SETTLE PRICE, ETC).
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Thursday, March 10, 2011
COFFEE & COCOA CLOSE REVIEW
* Liffe May robusta coffee ends up $95 at $2,557 a tonne after earlier rising to a three-year high for the second month of $2,586. Run-up in coffee prices led by ICE arabicas which surged to a fresh 34-year peak on Wednesday.
* Liffe May cocoa ends down 61 pounds at 2,259 pounds a tonne. Rally in cocoa prices driven by conflict in top grower Ivory Coast appears to have temporarily lost momentum.
* Liffe May white sugar falls $12.00 to close at $751.10 a tonne. Market remains range-bound, turning lower after failing to breach resistance at the upper end of the current trading band. *****