COFFEE
* July arabica coffee futures gained 1.45 cents, or 0.5 percent, to close at $2.8515 per lb.
* Second-position July moved closer to last month's 34-year high of $2.9665 per lb.
* Position rolling out of May, ahead of first notice day April 20, into July continued to account for a large proportion of the day's dealings - traders.
* Short-covering and some roaster buying helped lift prices as tight supplies underpinned the market - traders.
* "They were beating this thing up primarily on outside markets. Now the people have gone and sold what they want to sell and there's no offers, so people cover their shorts." - Jack Scoville, analyst for The Price Futures Group in Chicago.
COCOA
* Key July cocoa futures climbed $57, or 1.9 percent, to close at $3,127 per tonne.
* The first-quarter 2011 North American cocoa grind data was scheduled for release at 4 p.m. EDT (2000 GMT), with estimates ranging from 2-5 percent higher.
* May/July position continued ahead of first notice day for May on Friday - traders.
* "They pushed it down a lot in anticipation of this guy coming in. I think it's sell the rumor and buy the fact." - Scoville, referring to Ivorian President Alassane Ouattara who assumed office after the arrest of former president Laurent Gbagbo on Monday.
* Market remained technically strong after rising above the 200-day moving average earlier this week.
* Abidjan port terminals are likely to resume loadings of cargo such as cocoa from early next week - a senior Maersk official.
* Europe's first quarter cocoa grind rose 3.5 percent on the year earlier period to 353,103 tonnes - Brussels-based European Cocoa Association.
Source : Reuters
