Cocoa futures sagged on Tuesday, depressed by speculative profit-taking and fund selling after the benchmark contract marked its highest trade in nearly three weeks, traders said.
The New York Board of Trade's active contract for May delivery settled off $13 at $1,488 a tonne, just $4 above the bottom trade of $1,484. Earlier in the session, the contract topped at $1,519 - the highest price since March 17.