US MIDDAY: cocoa and coffee climb

24 Apr, 2009

US cocoa and arabica coffee futures rose in early trade Thursday on the backs of a firmer commodity complex and weaker dollar, traders said. Arabica coffee for July delivery rose 0.65 cent to $1.1840 per lb by 9:00 am EDT (1300 GMT). Session range $1.1730 to $1.1845. July volume at 2,386 lots.
One contract aside, the rest gained 0.60 to 0.85 cent. Benchmark July cocoa rose $47 to $2,437 per tonne by 9:02 am. Ranging $2,394 to $2,447. July volume at 2,341 lots. The rest rose $36 to $45.

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