Cocoa Futures Hit Four-Month Lows; Sugar Also Falls
London cocoa futures settled down £136, or 3.5%, at £3,765 per metric ton after touching a four-month low. Fund selling and concerns about weak chocolate demand weighed on cocoa; sugar prices also fell.
Cocoa futures on ICE slumped to four-month lows on Tuesday on fund selling against the backdrop of concerns about weak demand for chocolate, while sugar prices also fell.COCOA* London cocoa ICEEUR:C2! settled down £136 pounds, or 3.5%, at £3,765 pounds per metric ton, after hitting a four-month low…