US cocoa futures rallied in early trade Friday, recouping Thursday's losses on the back of the firm London market, while arabica coffee futures eased as the dollar firmed, traders said. Arabica coffee for March delivery down 0.35 cent at $1.1910 per lb by 9:07 am EST (1407 GMT).
Trading range from $1.1830 to $1.2060. March volume at 2,583 lots. The rest ranged 0.90 cent higher to 0.55 cent lower. Benchmark March cocoa up $62 or 2.4 percent at $2,642 per tonne by 9:09 am with volume at 2,989 lots. Session range from $2,572 to $2,645. The rest from $23 to $58 higher.
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