COFFEE
* Since Feb 14 2011, Today's settlement price is the lowest. May contract for arabica coffee futures finished down 3.85 cents or 1.5 percent at $2.5605 per lb.
* In other side, arabica premium over robusta hit a two-week high as the robusta May/July premium collapsed.
* ICE Data : Total arabica open interest rose to 124,466 lots on April 1, up 870 lots from the previous day.
* According to source, the market weak on seasonal pressure
* Market continued to fall, dropping nearly 14 percent from last month's peak at $2.9665 per lb, the highest in 34 years for the second-position contract, but tight global supplies were still seen as bullish to the market
COCOA
* May contract for cocoa futures closed up $9 at $3,020 per tonne.
* May found good support at $2,900-$2,925 per tonne, preventing strong losses after falling nearly 23 percent from the March 4 32-year high at $3,775 - traders.
* Forces backing Ouattara began a fresh assault to remove Gbagbo from his last stronghold in Abidjan while France ordered more troops into the West African country to protect civilians.
* Heavy volume amid the escalating crisis in Ivory Coast and due to May/July spreading ahead of the spot contract's first notice day April 15 - traders.
* Ivory Coast's weather last week was ideal for the development of the April-to-September mid-crop with both rain and sunshine, but political instability was disrupting the harvest - farmers, analysts. ------
