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Wednesday, March 2, 2011

Liffe cocoa falls from 7-month high, coffee flat

* Liffe May cocoa ends down 56 pounds at 2,325 pounds a tonne, having earlier hit a fresh 7-month top of 2,389 pounds, and was later pushed lower by the ICE market after sell stops were hit. Market is supported by violence in Ivory Coast as the world's top grower moves closer to civil war.
 
* Liffe May robusta coffee ends unchanged at $2,384 a tonne. Market supported by strength in arabica market, which is underpinned by a shortage of Colombian beans.
 
* Liffe May white sugar falls $10.40 to close at $733.40 a tonne. Expectations of a large centre/south Brazilian sugar crop, due to be harvested from April, is a main focus of the market. 
source: https://portal.hpd.global.reuters.com/