London's cocoa market put in another quiet, steady performance on Monday, closing flat after mainly structural activity , dealers said. Liffe's front-month December cocoa contract slipped two pounds to 818 pounds a tonne following volume of 1,631 lots in an 815-822 range.
Most of the 4,863 lot total volume traded on March. The second-month position finished down one pound at 838 pounds after moving 1,931 lots between 836 and 842.
"There is hedge and speculator selling into what I believe is a bit of industry buying," a trader said.