CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 25. lipnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1903.00 N Ivory Maincrop Maincrop 1866.00 N Bahia superior Superior 1871.00 N Sanchez FAQ FAQ 1748.00 N Sulwaesi SAQ FAQ 1702.00 N Arriba Superior Superior 1758.00 N Malaysia 110 1798.00 N Liquor Ecuador 2547.00 N Liquor Brazil 2631.00 N Maslac African 4611.00 N Maslac drugi 4623.00 N Natural Cake 10/12% 662.00 N NEW YORK - Kakao cijene pri zatvaranju burze 25. lipnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 1650 1670 1670 1637 1651 1651 SEP7 1684 1682 1698 1675 1682 1683 DEC7 1730 1726 1742 1715 1728 1729 MAR8 1760 1755 1770 1747 1758 1759 MAY8 1773 1775 1785 1772 1777 1779 JUL8 1798 1790 1801 1787 1793 1796 SEP8 1807 1817 1817 DEC8 1825 1830 1830 MAR9 1850 1857 1859 MAY9 CSCE cocoa ends lower, but stalls in afternoon NEW YORK, June 25 (Reuter) - CSCE cocoa futures ended broadly lower on Wednesday, in a relatively modest setback following Tuesday's rally to nine-year highs, traders said. Traders said, however, the market stalled in the afternoon and lacked the amount of follow-through selling needed to be considered a convincing correction. "It looked like it trying to correct on the downside," said one trader. "But it wasn't a sell-off, it just made its due and that was nearly the whole day. It was not enough to make people panic." Benchmark September fell $29 a tonne on the day, to $1,683, after ranging from $1,698 to $1,675. Spot July also ended $29 lower, at $1,651, while the back months closed down $20 to $26. Cocoa prices gapped some $25 lower at the opening, as expected, pressured by local selling and light speculative profit-taking, dealers said. They said light sell-stops were touched off below $1,680 in September. But traders said scale-down commercial buying and commission house interest prevented further losses and held the market fairly steady. Some analysts said cocoa's 15 percent rise this month may have been a bit premature given the market's fundamental outlook. "It jumped the gun a bit," said Smith Barney analyst Walter Spilka. "There is still a huge amount of cocoa around." While growing concerns an El Nino weather pattern could bring dry conditions to cocoa growing regions underpinned the recent rally, analysts have warned that it is still too early to gauge the impact of El Nino on next year's harvest. Additionally, traders said reports 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. But traders said market bias was still to the upside. "I'm still cautiously bullish," said one trader. "It is going to take a lot to push this market down from what I can see. I just see today as a down day in an upmove." Technically, traders pegged near-term support in the September contract at today's low of $1,675, followed by $1,660 and then $1,654. Resistance was seen near $1,700. 261025 MET jun 97