Coffee and cocoa trading follows New York
Coffee and cocoa trading took its lead from New York yesterday.
There was a moderate rally in coffee prices on the London International Futures Exchange with the September contract up $18 a tonne to $1,578. Prices were driven by developments on the Coffee, Sugar and Cocoa Exchange in New York.
Cocoa trading on Liffe also followed New York. The London September future touched a new low of 965 a tonne. The later strengthening was due to the September contract powering ahead on the CSCE, where it closed up $19 to $1,516 a tonne.