Cocoa futures prices settled on positive ground Wednesday, buoyed by speculative buying and spread trading between nearby contracts, traders said.
The New York Board of Trade's active cocoa contract for May delivery rose $5 to conclude at $1,487 a tonne, after trading from $1,475 to $1,497. Among other cocoa futures, July gained $4 to end at $1,511 a tonne and back months ended up $4 to $7.
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