date:Aug 05, 2014
The market turned lower as the buying faded. Liffe December cocoa futures closed down 1 pound, or 0.05 percent, at 1,987 pounds per tonne, after rising to 2,011 pounds, the highest since July 2011.
Coffee futures fell sharply as a wave of chart-based selling took prices below their 100-day moving averages on both the ICE and Liffe markets, traders said. ICE September arabicas settled down 1.85 cents, or 1 percent, at $1.9050 per lb, after falling 4.7 percent to $1.8330. The market remains vol