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Cocoa futures recovered on Tuesday after earlier hitting 7-1/2-week lows; raw sugar also turned higher after falling to a 4-week low. London cocoa ICE settled up £37 (0.9%) to £3,998 per metric ton.
Cocoa futures rebounded after a 7-1/2-week low, with London cocoa up 2.6% to £4,060/mt by 1323 GMT. Raw sugar also turned higher after slumping to a 4-week low.
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.
Raw sugar futures on ICE rose on Monday, recovering after setting a 3-1/2-week low earlier in the session, while cocoa bounced off a near six-week trough. White sugar fell 0.3% to $507.50 a metric ton.
COCO lows -1.3%