US cocoa fell sharply in early trade Friday, on follow-through long liquidation from Thursday's tumble while coffee moved in a tight range in search of a bottom after settling at a five-week low previously. ICE Futures US September arabica contract down 0.35 cent, or 0.3 percent, at $1.373 per lb by 9:22 am EDT (1322 GMT), spanning $1.369 to $1.3875.
The rest from 0.95 cent higher to 0.40 cent lower. ICE benchmark September cocoa contract down $90, or 3.1 percent, at $2,836 a tonne by 9:23 am, dealing from $2,833 to $2,900. The rest from $78 to $86 lower.
Comments
Comments are closed.