COCOA
New York cocoa did better, added 1.1% to $2,447 a tonne for December delivery, boosted in part by technical factors, having retaken its 200-day moving average, besides now standing above 10-, 20- and 100-day lines too.
Fundamentally, the bean gained support from data showing purchases by Ghana's Cocobod regulator, which handles marketing of the crop in the second-biggest producing country, down 42% at 86,000 tonnes, so far in 2012-13, albeit still early in the season.
Also speaking of constrained supplies was a 7% drop to 25,500 in Cameroon exports in September.
"We forecast a 98,000-tonne deficit in the cocoa market as key producers suffer from production setbacks, and expect this to support prices," Barclays Capital said.