New York cocoa jumped on higher prices in London buoyed by the cocoa workers' strike in Ivory Coast early on Tuesday, while coffee was slightly higher in quiet dealings, traders said.
"London really brought us in higher. There was some fund buying on the opening and since then we've been shopping around, very quietly, in a 10-point range," one cocoa trader said.
In electronic trade, ICE benchmark March cocoa jumped $28 to $2,058 per tonne at 9:09 am EST (1409 GMT), trading between $2,026 and $2,062. The rest were up $27 to $31. Coffee was a tad higher, with prices bouncing back after earlier weakness.
On the screen, ICE March coffee was 0.30 cent stronger at $1.3025 at 9:08 am, trading in tight band of $1.297 to $1.310. The rest were flat to 0.85 cent higher.