CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 06. svibnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1629.00 N Ivory Maincrop Maincrop 1591.00 N Bahia superior Superior 1601.00 N Sanchez FAQ FAQ 1469.00 N Sulwaesi SAQ FAQ 1427.00 N Arriba Superior Superior 1467.00 N Malaysia 110 1499.00 N Liquor Ecuador 2081.00 N Liquor Brazil 2222.00 N Maslac African 3859.00 N Maslac drugi 3912.00 N Natural Cake 10/12% 535.00 N NEW YORK - Kakao cijene pri zatvaranju burze 06. svibnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAY7 1390 1390 1399 JUL7 1411 1385 1418 1385 1404 1409 SEP7 1437 1420 1440 1420 1432 1436 DEC7 1464 1460 1471 1459 1464 1465 MAR8 1485 1490 1494 1485 1493 1493 MAY8 1513 1513 JUL8 1533 1533 SEP8 1515 1548 1548 DEC8 1563 1563 MAR9 1595 1595 CSCE cocoa ends broadly higher, currency cited NEW YORK, May 6 (Reuter) - CSCE cocoa prices ended sharply higher across-the-board on Tuesday, bolstered by local and currency-linked arbitrage buying, dealers said. Benchmark July futures rose $24 a tonne, to finish at $1,409, after ranging from $1,418 to $1,385. Spot May ended $25 higher, at $1,399, while the back months gained $24 to $27. Cocoa prices gapped higher at the outset, as expected, after a strong performance by the British pound overnight. Sterling rallied more than a cent against the dollar on Tuesday after the U.K. raised its base rate 25 basis points and announced new central bank freedom to set interest rate policy. Traders said the U.S. dollar's weakness versus the British pound prompted arbitrage to focus on buying cheaper dollar-denominated New York cocoa. By comparison, London's benchmark July contract ended down seven stg, to 988 stg. "The (British) pound helped us out today," said one trader, who noted upward momentum accelerated after the July contract breached $1,410, touching off buy-stops. The trader said locals tried to initiate more buy-stops thought to be building near $1,425, but scale-up trade buying and light profit-taking cut into gains. Technically, traders pegged July near-term resistance at $1,421-$1,425. Support was seen at $1,400, followed by today's low of $1,385. While many traders noted the July contract appeared to have established a base at the $1,385 level, they said the market would probably need some constructive fundamental input to rally much higher than $1,425. "I don't see anything at this point to give the market a big boost," said one trader. "And there's no relief from a good outlook for the Ivory Coast crop." Weather and crop analysts in Abidjan said on Tuesday continued rains across the Ivorian cocoa belt in late April were favorable to the mid-crop. Crop analysts now expect the total 1996/97 crop to close in on last year's record 1.2 million tonnes, including a mid-crop production of between 160,000 and 180,000 tonnes. Turnover was moderate, at an estimated 7,292 lots. 071043 MET may 97