US cocoa futures finished firmer for the fifth straight session Friday on upbeat demand data, while arabica coffee moved closer towards last month's 34-year high. Raw sugar settled higher in a technical correction. The benchmark May raw sugar contract rose 0.15 cent to settle at 24.59 cents per lb. May closed the week down 4.3 percent, its third straight weekly loss.
July arabica coffee futures jumped 5.95 cents or 2.1 percent to settle at $2.9110 per lb. July closed the week up 4.8 percent, its second straight weekly gain. Key July cocoa futures closed up $30 at $3,157 per tonne, while May surged $114, or 3.6 percent, to finish at $3,239 per tonne. July closed the week up 5.8 percent, its biggest weekly gain in 13 weeks.
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