US benchmark cocoa futures settled down 0.6 percent on Thursday, pressured by funds and speculators taking profits after the benchmark contract hit a one-week peak earlier in the session, traders said.
The NYBOT's active cocoa contract for May delivery lost $9 to settle at $1,437 a tonne, near the floor of a trading range from $1,435 to $1,475. The top trade was the loftiest for the contract since February 22. The benchmark contract has been drifting between $1,425 and $1,495 for the past two weeks.
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