US cocoa futures settled in positive territory Tuesday, bolstered by a late spurt of speculative buying into early weakness, traders said.
The New York Board of Trade's active cocoa contract for May delivery climbed $15, or 1.0 percent, to settle at $1,504 a tonne, having dealt from $1,482 to $1,508 - matching the previous day's top trade. "The market held for a while at $1,482 and the ring was very short at that stage of the game," a trader said.
Among other cocoa futures, July gained $16 to end at $1,527 a tonne and back month products advanced $13 to $18.
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