US MIDDAY: coffee, cocoa fall

04 Nov, 2008

Arabica coffee and US cocoa futures erased earlier gains and fell in early trade on Monday, as the US dollar pared losses and other markets including crude oil turned down, traders said. Arabica coffee for December delivery down 0.65 cent at $1.1235 per lb by 9:01 am EST (1401 GMT).
Session range from $1.1205 to $1.1450. The rest also down 0.65 cent. December volume was at 2,722 lots. Benchmark December cocoa down $31 at $2,022 per tonne by 9:02 am Dealings from $2,017 to $2,090. December volume at 2,385 lots.

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