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Cocoa buoyed by Ghana supply concerns; sugar firms
Imaduddin
06 May, 2015
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Copyright Reuters, 2015
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![](https://i.brecorder.com/images/2015/05/cocoa-may.jpg">LONDON: London cocoa futures steadied on Wednesday after equalling the previous session's eight-week peak, driven by a downward revision in a Ghanaian crop estimate.</P><P>Raw sugar futures firmed as perceptions about a record May delivery turned bullish, while arabica coffee dipped in light, choppy, technically driven dealings.</P><P>Cocoa rallied on Tuesday after senior government sources in Ghana, the world's second-biggest cocoa grower, said the country's 2014/15 output would be no more than 700,000 tonnes, down from the previous estimate of 850,000 tonnes.</P><P>)
