CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 25. ožujka 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 640 ( 1,694 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 69,35 centi (70,56 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 25. ožujka 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE MAY7 72.60 73.98 74.20 72.00 72.50 72.59 JUL7 74.20 75.45 75.65 74.01 74.15 74.20 OCT7 75.75 76.45 76.60 75.55 75.60 75.73 DEC7 76.30 76.75 76.84 76.00 76.05 76.16 MAR8 77.40 77.55 77.40 77.40 77.00 77.05 MAY8 78.05 77.60 77.65 JUL8 78.20 78.00 78.05 OCT8 76.00 75.50 76.00 DEC8 75.00 74.50 75.10 75.00 75.00 75.05 MAR9 75.10 76.60 76.70 NYCE cotton futures end off, May hits contract low NEW YORK, March 25 (Reuter) - NYCE cotton futures ended sharply down but off the fresh life-of-contract low hit on technically-driven speculative selling, industry analysts said. "This was fully-expected based on the overriding technicals," O.A. Cleveland, a cotton marketing specialist with Mississippi State University, said. "We could push (May) to 71.00 cents." Cleveland added that expectations for a weak U.S. planted acreage estimate and fears that U.S. exports will fall short of the U.S. Department of Agriculture's target of 6.8 million bales, added fundamental pressure to prices. But while the last export and sales report was weak in comparison to recent reports, sales were based on the week in which May traded at its recent high of 78.00 cents. The current lower prices are likely to encourage new sales, analysts said. Industry sources widely expect a decline in 1997/98 planted cotton area, from last year's 14.67 million acres, due to higher prices for corn and soybean futures. The USDA will release its estimate on Monday at 0830 EST. Benchmark May closed 1.39 cent lower at 72.59 cents per lb, having ranged from 74.20 to 72.00 cents. The back months ended 1.27 weaker to 0.85 firmer. Volume was estimated at 18,000 lots compared to Monday's official 7,380 lots. 261107 MET mar 97