Saturday, 30 April 2011

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Arabica ends at 34-yr peak, cocoa at 6-wk high

  • Saturday, 30 April 2011
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  • * Raw sugar May expires today * July cocoa rises above 50 pct Fibonacci retracement * Arabica remains underpinned by tight supply concerns (Recasts, updates prices, adds graphic) By Marcy Nicholson NEW YORK, April 29 (Reuters) - Arabica coffee futures trading on ICE reversed up to close at the highest level in 34 years, while U.S. cocoa ended at a six-week high on Friday, hitting technical



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