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Monday, April 4, 2011

London Coffee & Cocoa market close review for today, April 4, 2011

Liffe May robusta coffee ends $82 lower at $2,339 a tonne as the premium on the contract over July collapsed to close at $31. Heavy selling of both May flat prices and the May/July spread weighed.
 
Liffe July cocoa ends 5 pounds higher at 1,955  pounds a tonne, paring earlier gains. The market was supported  by continued conflict in Ivory Coast as dealers expectations of  a resolution over the weekend were not met. -----