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.
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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 -2.5%