CIJENE ŠEĆERA NA BURZI U NEW YORKU

CIJENE ŠEĆERA NA BURZI U NEW YORK-U NEW YORK - Šećer br.11 cijene pri zatvaranju burze 12. studenoga 1997. POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBA MAR8 12.27 12.39 12.41 12.26 12.26 12.27 MAY8 12.26 12.34 12.37 12.25 12.25 12.25 JUL8 12.00 12.06 12.09 12.00 12.00 12.00 OCT8 11.83 11.88 11.90 11.82 11.83 11.83 MAR9 11.65 11.68 11.69 11.65 11.64 11.65 MAY9 11.59 11.60 11.63 11.59 11.59 11.59 JUL9 11.59 11.58 11.59 11.58 11.55 11.56 OCT9 11.40 11.39 11.39 CSCE world sugar finishes lower, led by March NEW YORK, Nov 12 (Reuters) - CSCE world sugar ended weaker Wednesday in a session highlighted by renewed speculative selling of the nearby switch, trading sources said. Raw sugar prices swept higher at the opening after a stronger performance in the London whites market overnight. But scale-up selling by producing countries quashed the rally, sending the market back toward unchanged. Once the buying momentum fizzled out, speculators rolled spot longs into the deferred contracts. "There is continued pressure on the spot month spread," one trader said. "You're seeing disgruntled longs jump out of the market." Diminished selling of the nearby spread allowed the market to move broadly higher on Tuesday, but the failure to test the recent contract highs at the outset this morning cast a pall over the market, traders said. Bellwether March futures fell 0.08 cent to 12.27 cents per lb, after trading form 12.26 to 12.41 cents. Second-month May fell 0.07 to 12.25, while the remaining positions finished down 0.03 to up 0.02. Chart watchers said March would need to clear its lifetime high of 12.44 cents to trigger substantial speculative buying interest. To the downside, support was noted toward 12.15 cents. In other developments, the United Nations Food and Agriculture Organization said Wednesday that the El Nino weather phenomenon was not likely to cause a sharp rise in sugar prices in 1997/98. In a special report on the impact of El Nino, the FAO said adequate stocks should protect against a sharp price upturn in 1997/98. But the organization warned that prices could increase beyond their recent trading range if the effect of El Nino linger into the 1998/99 production season. 131043 MET nov 97