Arabica coffee and US cocoa futures bounced in early trading Friday, retracing Thursday's slippage, as the dollar weakened and as outside markets rebounded on expectations of further interest rate cuts, traders said. Arabica coffee for March delivery up 0.35 cent at $1.117 per lb, by 8:55 am EST (1355 GMT).
Session range from $1.11 and $1.1310. The rest from 0.15 cent to 2.20 cents higher. March volume at a thin 1,641 lots. Benchmark March cocoa up $47 at $2,056 per tonne by 8:56 am EST. Trading range from $2,007 to $2,073. March volume at 2,368 lots.
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