New York benchmark cocoa futures slid to a 10-month low Friday, extending the week's losses as an ascending dollar stoked speculators and funds to sell, traders said. With more than ample supply of cocoa stored in US warehouses, a stronger US currency only deterred investors from buying dollar-denominated commodities. The New York Board of Trade's benchmark July cocoa contract fell $42, or 2.9 percent, to settle at $1,430 a tonne, the lowest since July 7, 2004.
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