CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 18. lipnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1813.00 N Ivory Maincrop Maincrop 1774.00 N Bahia superior Superior 1793.00 N Sanchez FAQ FAQ 1663.00 N Sulwaesi SAQ FAQ 1619.00 N Arriba Superior Superior 1669.00 N Malaysia 110 1694.00 N Liquor Ecuador 2268.00 N Liquor Brazil 2476.00 N Maslac African 4365.00 N Maslac drugi 4371.00 N Natural Cake 10/12% 630.00 N NEW YORK - Kakao cijene pri zatvaranju burze 18. lipnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 1551 1570 1577 1550 1551 1551 SEP7 1601 1612 1623 1599 1600 1601 DEC7 1641 1650 1660 1637 1637 1639 MAR8 1669 1678 1690 1667 1667 1668 MAY8 1698 1695 1698 1698 1688 1688 JUL8 1719 1714 1719 1714 1708 1708 SEP8 1739 1734 1739 1734 1728 1728 DEC8 1752 1734 1734 MAR9 1760 1771 1771 CSCE cocoa ends down sharply in sluggish trade NEW YORK, June 18 (Reuter) - CSCE cocoa futures ended sharply lower and toward the bottom of the day's range on Wednesday, pressured by trade selling and profit-taking on the heels of the market's recent run-up to eight-year highs, traders said. Traders said improving weather conditions in top-grower Ivory Coast may have prompted some selling. Concerns that drier conditions in West Africa could adversely affect the 1997/98 Ivorian main crop helped fuel the recent rally. "It is raining more in the Ivory Coast and that encouraged some selling," said one trader. "The weather is showing substantial improvement." Benchmark September ended $24 a tonne lower, at $1,601, after ranging from $1,623 and $1,599. Spot July fell $33, to $1,551, while the back months finished down $22 to $24. Cocoa prices fell at the opening, pressured by commission house selling, dealers said. Downward momentum accelerated after the September contract fell through near-term support at $1,614. But scale-down industry buying and local short-covering trimmed losses and prevented September from slipping through Tuesday's low of $1,598 a tonne, they said. Technically, many traders views that the market still needed a downward correction after setting new highs weighed on sentiment today. Major support for September was seen at $1,577, with a chart gap looming between $1,540 and $1,516. On the upside, resistance was pegged at $1,625-$1,629, they said. On the fundamental side, heavy rains in Ecuador could cause mold in its cocoa crop, adversely affecting the quality and hurting the country's exports, Ecuadorean industry officials said on Wednesday. National Cocoa Exporters Association president Jose Carvajal said that if the developing weather pattern El Nino continued to bring rainfall to Ecuador, the Christmas crop would sustain damage. "If the rains keep up until August and September, then the end of year crop is going to be damaged," Carvajal said. Some New York traders, however, remained skeptical, saying it was still too early to gauge the effects of El Nino. In other news, an industry report by Robert Flemings Securities Ltd. said the Russia's chocolate confectionery market is forecast to grow 34 percent between 1996 and 2000. The report estimated Russian chocolate confectionery consumption would increase to 511,000 tonnes by 2000 against 381,000 tonnes in 1996. Flemings said the recovery in chocolate confectionery consumption would be closely linked to economic growth. Volume was fairly light, at an estimated 6,946 lots. 190959 MET jun 97