Cocoa little changed

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July Cocoa is trading at 3134, unchanged on the session. September Cocoa is trading at 3128, unchanged . Market talk about tight supplies continues to draw buyers in on dips. Ivory Coast port arrivals last week were down around 7,000 tonnes versus last year. Since the April 1st supplies are down 10 % versus last year's figures at the same time. In total the overall supplies are about the same as last year. Some talk of backed up supplies coming down the road is making the rounds. Chatter about less than enthusiastic end users has led to some selling on rallies.
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