London cocoa hits three-month low amid stocks overhang, weak demand

London cocoa futures on ICE hit three-month lows on Monday, under pressure from rising stocks and weak demand, while coffee and sugar headed higher.COCOA* London cocoa ICEEUR:C2! fell 2.6% to £3,916 a metric ton at 1620 GMT, after hitting a three-month low of £3,887.* The contract is under pressure…