London cocoa futures finished moderately higher after a session that saw more switch-based, technical activity, dealers said.
Front month July finished five pounds higher at 781 pounds a tonne in a volume of 2,387 lots after trading 795-776 range.
Second month September closed six pounds up at 796 a tonne, moving 2,583 lots in a 811-791 range, from a total volume of 6,799 lots.
Talk of tight supplies was a supportive factor, a dealer said.
"There isn't much cocoa coming into the market at the moment," he said. But traders were mixed in their outlook for prices.
"We have had some corrective levels so maybe 809 and 825 (on July) are the next points," he said.
However, one dealer said earlier he thought prices would fall.
"I think the market is in an overall bear trend currently, with momentum in the market fairly neutral," he said.
"I think longer term, there is still a chance that the market can come down," he added.
In New York, cocoa futures rose on speculative buying in a market occupied by some technical dealings ahead of July's first-notice day on Thursday.
And in fundamentals, Early Brazil 2004/05 (May/April) cocoa arrivals to Bahia state amounted to 208,118 60-kg bags by June 13, down 55.3 percent from 466,360 bags a year before, the Bahia Commercial Association said Wednesday.
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