date:Aug 20, 2014
420.10 per tonne, after falling to $419.50, the lowest since January 31. Cocoa futures on ICE fell from a more than three-year high reached on Monday, having steadily climbed since the start of the year on expectations of a third consecutive global deficit. Benchmark ICE December cocoa futures settled down $56, or 1.7 percent, at $3,204 per tonne, having hit $3,269 on Monday, the highest since May 2011.
The market was weighed down by the sharply lower sterling versus the US dollar as well as s