Cocoa slides ~5%, raw sugar steadies after three-week low
ICE cocoa futures fell around 5% on Friday for a third straight week of losses, while raw sugar steadied after touching a three-week low.
Cocoa futures on ICE fell around 5% on Friday, putting the contract on track for a third straight weekly decline, while raw sugar held steady after earlier touching a three-week low. COCOA* London cocoa ICEEUR:C1! 3% at £4,227 per ton at 1326 GMT. A dealer said this season's surplus is weighing on prices, along with other factors.