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Monday, March 7, 2011

Liffecoffee and cocoa ends lower as supply concerns ease

* Liffe May cocoa ends off 56 pounds at 2,340 pounds a tonne, having earlier touched a seven-month high of 2,425 pounds. Dealers continued to eye conflict in top grower Ivory Coast. There was comparative calm on Friday after a week of clashes, which had brought to country close to civil war.
 
* Liffe May robusta coffee ends up $8 at $2,390 a tonne. Dealers noted a reluctance of farmers in top robusta producer Vietnam to honour contracts after domestic prices rallied to an all-time high.
source: reuters