US benchmark cocoa futures ended up 1.7 percent on Tuesday, with a late round of fund buying helping the market recover from a three-month low hit earlier in the session, traders said.
The New York Board of Trade's active cocoa contract for May delivery rose $24, or 1.7 percent, to settle at $1,461 a tonne, having dealt from a $1,425 to $1,470. The bottom trade was the weakest for the contract since November 30. July cocoa likewise climbed $24 to settle at $1,483 a tonne, while back-month positions advanced $24 to $25.