US cocoa futures closed down 2 percent at a four-week low Thursday, while raw sugar was little changed and arabica coffee inched higher in thin dealings. July coffee rose 0.25 cent to finish at $1.3710 per lb. ICE certified arabica stocks fell to 2,380,315 bags by May 12, down 9,591 bags with 3,820 bags pending grading.
The key July raw sugar contract closed 0.01 cent lower at 14.66 cents per lb. For the first time in 13 weeks, sugar is poised to post a weekly gain. July cocoa futures dropped $59 or 2 percent to settle at $2,913 per tonne, the lowest settlement since April 15.
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