Cocoa slips to 7½-week lows; sugar and coffee also fall
London cocoa futures dropped 2.5% to £3,863/ton by 1050 GMT, hitting a 7½-week low of £3,799, as supply outweighed demand; sugar and coffee also declined.
Cocoa futures fell to 7-1/2 week lows on Tuesday as the market continued to work through more than ample near-term supplies, while sugar and coffee also declined. COCOA* London cocoa ICEEUR:C1! 5% at £3,863 per ton by 1050 GMT after touching a 7-1/2 week low of £3,799.