Cocoa turns lower on heavy spreading, raw sugar inches up
date:Jun 08, 2015
uly cocoa settled down $10, or 0.3 percent, at $3,115 per tonne. The July/September spread CCN5-U5 fell as low as a $1 discount, dropping from a premium for the first time since July 2014.
July London cocoa closed down 11 pounds, or 0.5 percent, at 2,102 pounds a tonne. The July/September spread LCCN5-U5 narrowed to flat, a level last seen April 21, from a 5 pound premium on Wednesday.
Raw sugar futures were up a shade, with plentiful stocks in leading origins such as Thailand and India capping
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