CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 12. ožujka 1997. minimalne količine vagona, cijene u am. dolarima po toni posljednja Ghana Maincrop 1626.00 N Ivory Maincrop Maincrop 1589.00 N Bahia superior Superior 1592.00 N Sanchez FAQ FAQ 1452.00 N Sulwaesi SAQ FAQ 1426.00 N Arriba Superior Superior 1457.00 N Malaysia 110 1484.00 N Liquor Ecuador 2097.00 N Liquor Brazil 2258.00 N Maslac African 3950.00 N Maslac drugi 3973.00 N Natural Cake 10/12% 523.00 N NEW YORK - Kakao cijene pri zatvaranju burze 12. ožujka 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAR7 1375 1350 1380 1350 1352 1352 MAY7 1412 1428 1438 1410 1412 1414 JUL7 1438 1448 1461 1430 1436 1439 SEP7 1460 1464 1479 1450 1457 1459 DEC7 1503 1495 1503 1476 1486 1486 MAR8 1512 1520 1522 1505 1512 1512 MAY8 1533 1530 1536 1521 1531 1532 JUL8 1554 1554 SEP8 1589 1589 DEC8 1604 1604 CSCE cocoa ends sharply lower in a correction NEW YORK, March 12 (Reuter) - CSCE cocoa futures staged a sharp correction on Wednesday as the commercial sector sold heavy after the market's recent surge to seven-month highs. After cocoa's dizzying two-day rally, which saw prices spike up some 10 percent, traders said the market appeared overdue for a retracement. "The market went up about 120 points in two days," said Refco Inc analyst Ann Prendergast. "And cocoa does not go straight up." Most-active May futures slumped $37 a tonne on the day, to close at $1,414, having traded from $1,438 to $1,410. July finished $33 lower, at $1,439, while the rest sagged $33 to $37. Technically, dealers said a chart gap formed Tuesday between $1,408 and $1,395 basis May would provide good support, while resistance was toward today's high of $1,438, followed by $1,450. Fundamentally, the latest Ivorian arrival figures which were in line with last year's levels may have weighed on sentiment. Ivorian arrivals were reported to be in a range between 920,000 and 960,000 tonnes by March 7, compared with 940,000 tonnes in the bumper 1995/96 season. Ivory Coast has forecast a total crop of 950,000 tonnes for 1996/97 but commodities minister Guy-Alain Gauze said this week that it had now sold 800,000 tonnes of cocoa and had no more to sell. In other news, the Brazilian Trade Commission Comcauba said Bahia 1996/97 cocoa arrivals totalled 2,793,242 million 60-kg bags by the week ending March 9 compared with 2,568,268 bags by March 10 last year. While most traders and analysts said the market sentiment has turned toward the bullish side in recent days, many participants remained cautious. "The specs who expect a bull market may be disappointed in a slow bull," said Prendergast. "Pull backs should be expected unless the trade and manufacturers join in on the buying." An estimated 11,231 lots changed hands on the day, less than half Tuesday's official total of 26,737 lots. 131106 MET mar 97