CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 24. lipnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1924.00 N Ivory Maincrop Maincrop 1885.00 N Bahia superior Superior 1904.00 N Sanchez FAQ FAQ 1775.00 N Sulwaesi SAQ FAQ 1730.00 N Arriba Superior Superior 1779.00 N Malaysia 110 1804.00 N Liquor Ecuador 2579.00 N Liquor Brazil 2648.00 N Maslac African 4662.00 N Maslac drugi 4674.00 N Natural Cake 10/12% 673.00 N NEW YORK - Kakao cijene pri zatvaranju burze 24. lipnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 1680 1663 1700 1647 1680 1680 SEP7 1715 1702 1737 1685 1711 1712 DEC7 1754 1740 1775 1730 1753 1755 MAR8 1785 1768 1802 1768 1785 1785 MAY8 1800 1786 1817 1777 1801 1803 JUL8 1816 1800 1835 1791 1816 1816 SEP8 1820 1835 1837 DEC8 1855 1855 1855 1855 1850 1850 MAR9 1893 1870 1895 1873 1879 1879 MAY9 CSCE cocoa runs to 9-year highs but ends off peaks NEW YORK, June 24 (Reuter) - CSCE cocoa futures powered to nine-year highs on Tuesday, as bullish technical indicators and ongoing concerns about El Nino fueled continued speculative buying, dealers said. "The specs are getting hotter and hotter for it," said Allendale analyst Jim Cordier. "And as long as there's talk of El Nino, cocoa will have a nice run." Benchmark September rallied to a new life-of-contract high of $1,737 a tonne before light origin selling and local profit-taking slashed gains. At the close, September stood at $1,713, up $17. Spot July rose $8, to $1,680, after rising to a fresh contract high of $1,700, the highest nearby level on the continuous weekly charts since May 1988. The back months -- which also set lifetime highs -- rose $17 to $25. Cocoa prices headed higher at the opening, as speculators followed through on Monday's steep run-up, dealers said. They said continued fears that cocoa crops from Indonesia to West Africa could be hit by dry conditions due to the developing "El Nino" weather pattern underpinned the recent rally. "There was nothing new today," said one trader. "But there's still El Nino and I think the specs are riding that." But views the market was overbought sparked a sell-off, sending the September contract to an intraday low of $1,685 -- down $11 -- before another round of speculative buying emerged. After running up some 15 percent this month, some traders said the market may be vunerable to a massive sell-off. They also cautioned that it is still very early to gauge the effects of El Nino on next year's harvest. "Sentiment is bullish, but people are very afraid of a correction of size," said one trader. "Locals have toned down the size of their long positions. They're wary." Traders said news of heavy rainfall during June in top-grower Ivory Coast, which Ivorian weather analysts said boosted prospects for the 1997/98 main cocoa crop, may offset some of the bullish sentiment. Volume reached an estimated 15,015 lots. --Patricia Avidan, New York Commodity Desk +1 212 859 1640 251035 MET jun 97