CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 23. srpnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1717.00 N Ivory Maincrop Maincrop 1685.00 N Bahia superior Superior 1697.00 N Sanchez FAQ FAQ 1559.00 N Sulwaesi SAQ FAQ 1520.00 N Arriba Superior Superior 1572.00 N Malaysia 110 1617.00 N Liquor Ecuador 2275.00 N Liquor Brazil 2380.00 N Maslac African 4082.00 N Maslac drugi 4082.00 N Natural Cake 10/12% 599.00 N NEW YORK - Kakao cijene pri zatvaranju burze 23. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE SEP7 1496 1513 1520 1496 1496 1497 DEC7 1546 1562 1563 1546 1546 1547 MAR8 1583 1598 1600 1583 1583 1584 MAY8 1609 1616 1616 1609 1604 1604 JUL8 1635 1622 1622 SEP8 1665 1642 1642 DEC8 1670 1670 1670 1670 1657 1657 MAR9 1700 1690 1690 MAY9 1715 1704 1704 JUL9 CSCE cocoa futures drift to a weaker close NEW YORK, July 23 (Reuter) - CSCE cocoa futures ended weaker on Wednesday, erasing earlier gains, as steady selling by speculators wore the market down and pushed it lower by the close, traders said. "It was a slow drag down on spec and fund liquidation," said one trader. "It lost its resolve and drifted lower." Benchmark September cocoa sagged $5 per tonne on the day, to $1,497, just off the session low of $1,496. Second-month December eased $2, to $1,547, while the back months finished unchanged to down $1. Cocoa prices headed higher at the outset, with September gapping up $11 at the open and peaking at $1,520 on the reopening, in line with gains on the London cocoa market overnight. But speculative liquidation emerged almost immediately, preventing September from filling a key gap on the charts between $1,521 and $1,526. Technically, traders pegged September support at $1,485, with the next downside target seen at $1,475. They continued to see the $1,521-$1,526 gap as an upside chart objective. Refco Inc analyst Ann Prendergast said cocoa prices could fall to $1,400 basis September based on the market's fundamental outlook. "We have ample stocks," she said. "And the Ivorian new-crop coming in is generous." Traders continued to monitor cocoa crop development in West Africa, with a better picture of the 1997/98 Ivorian crop expected to emerge next month. Ivorian crop analysts said on Wednesday that Ivory Coast's dry season in July favored drying of mid-crop cocoa (May-Sept) and is not expected to not damage pod growth for 1997/98 (Oct-April). In other news, Ivory Coast is likely to raise its reference cocoa and coffee farmgate prices in the 1997/98 (Oct-Sept) season, upcountry buyers and exporters said. Ivory Coast set a cocoa farmgate price of 315 CFA a kilo for 1996/97, unchanged from the 1995/96 year, although export duties were cut. Volume on the day reached an estimated 8,122 lots, including about 350 March 1998/December 1998 switches crossed, traders said. 241026 MET jul 97