New York benchmark cocoa futures fell almost 4 percent Tuesday as Ivory Coast exporters recover from last week's industry stoppage caused by days of violence in the world's No 1 cocoa producing nation.
With Ivorian cocoa farmers enjoying high prices and some exporters reportedly bringing in as many as 6,000 tonnes of beans a day, it is a clear signal to the market that the industry has regained some normality, analysts said.
New York Board of Trade's most-active March cocoa eased $68 or 3.8 percent to settle at $1,685 a tonne, after dealing from $1,678 to $1,730. More distant futures declined $55 to $64.
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