| Cocoa hits 2-month high |
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| On Thursday (26 January 2012), the ICE cocoa hit a two month peak, extending this week's rally. Cocao futures on ICE rose to the highest level in mote than two months, boosted partly by a weaker dollar after Federal Reserve Chairman said that the US Central bank was ready to offer the economy additional stimulus. March cocoa for ICE rose $47 (1.9%) to $2,469 per tonne, after touching $2,474, the highest level for the front month since mid-November. London March cocoa rose 13 pounds (0.8%) to 1,602 pounds per tonne. Powered by Commodity Insights |
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