CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 26. veljače 1997. minimalne količine vagona, cijene u am. dolarima po toni posljednja Ghana Maincrop 1509.00 N Ivory Maincrop Maincrop 1467.00 N Bahia superior Superior 1477.00 N Sanchez FAQ FAQ 1342.00 N Sulwaesi SAQ FAQ 1315.00 N Arriba Superior Superior 1340.00 N Malaysia 110 1355.00 N Liquor Ecuador 1866.00 N Liquor Brazil 2992.00 N Maslac African 3624.00 N Maslac drugi 3624.00 N Natural Cake 10/12% 486.00 N NEW YORK - Kakao cijene pri zatvaranju burze 26. veljače 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAR7 1260 1250 1263 1247 1260 1262 MAY7 1302 1288 1304 1286 1300 1302 JUL7 1330 1318 1332 1317 1330 1331 SEP7 1360 1347 1360 1347 1360 1360 DEC7 1391 1375 1391 1380 1391 1391 MAR8 1420 1410 1420 1410 1420 1422 MAY8 1445 1425 1445 1430 1443 1445 JUL8 1463 1463 SEP8 1480 1480 DEC8 1495 1495 CSCE cocoa ends at two-week high on spec buying NEW YORK, Feb 26 (Reuter) - CSCE cocoa futures rose to their highest level in more than two weeks on Wednesday, punching through nearby psychological resistance on the back of steady short-covering, traders said. Speculative buying fed the rally throughout the session, with scattered new buying noted in addition to steady book-squaring. Prices held well into positive territory throughout the day, though manufacturer-linked selling slowed the upward momentum, dealers said. Benchmark May futures cleared the widely-watched $1,300 level just before the closing bell, rising $23 to end at $1,302 a tonne. It closed toward the top of the day's $1,286-$1,304 trading range. After languishing near life-of-contract lows for much of the past two weeks, analysts said the market appeared to be rebounding from a sharply oversold condition. "Cocoa is acting much better," said Smith Barney analyst Walter Spilka. "The market is extremely undervalued." With the world market expected to show a deficit of around 200,000 tonnes for the 1996/97 crop year, after posting a surplus in the prior year, cocoa looked poised for further gains, Spilka said. "There is less production and more consumption," he said. "There is plenty of cocoa around now but that won't be the case in the coming weeks." Traders said continued hot and dry weather in top-grower Ivory Coast, coupled with a brighter technical outlook, sparked today's short-covering rally. "The market really couldn't have looked much worse there for a while, but we're finally starting to see some short-covering," said one trader. "If the dry weather continues, you might see a little strain on the Ivorian mid-crop," said a New York-based broker. But he cautioned that any significant rally would encounter heavy producer selling. On the charts, today's intersection of the five and 10-day moving averages around $1,278-1,279 may trigger further short- covering, dealers said. Resistance was next seen toward $1,318-1,320, with a major objective at $1,350. An estimated 9,322 lots were exchanged on the day, compared with Tuesday's official volume of 8,004. 271118 MET feb 97