CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 02. prosinca 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1778.00 N Ivory Maincrop Maincrop 1738.00 N Bahia superior Superior 1765.00 N Sanchez FAQ FAQ 1626.00 N Sulwaesi SAQ FAQ 1591.00 N Arriba Superior Superior 1710.00 N Malaysia 110 1625.00 N Liquor Ecuador 2320.00 N Liquor Brazil 2404.00 N Maslac African 4155.00 N Maslac drugi 4155.00 N Natural Cake 10/12% 589.00 N NEW YORK - Kakao cijene pri zatvaranju burze 02. prosinca 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 1550 1529 1550 1535 1548 1548 MAR8 1578 1562 1581 1562 1577 1578 MAY8 1606 1591 1606 1591 1606 1606 JUL8 1625 1624 1625 1621 1625 1626 SEP8 1635 1635 1635 1635 1644 1644 DEC8 1650 1664 1664 MAR9 1670 1685 1685 MAY9 1699 1699 JUL9 1715 1715 SEP9 1729 1729 CSCE cocoa ends higher in shortcovering rally NEW YORK, Dec 2 (Reuters) - CSCE cocoa futures ended higher, taking back all of Monday's losses in a shortcovering rally in an otherwise bearish market, traders said. The trade was responsible for most of the paltry trading volume, the funds selling into the rally all the way up. March cocoa ended at $1,578 a tonne, down $19, after trading between $1,581 and $1,562 a tonne, the lowest level since Aug 18. Spot December ended $23 lower at $1,529. "We saw some manufacturers buying at the low end of the range," a broker said. "It didn't take much to move this market higher. There was barely any volume behind it." Traders said the market was due for a correction, with the nine-day relative strength indicator well into over-sold territory at a life-of-contract low of 26 percent Monday. "The market is saturated with shorts," another trader said. "It's only natural to see a retracement of sorts." From the Nov 11 high of $1,677 in the market contract, a 38.1 percent retracement would be $1,603. Chartists called near-term resistance at $1,577. "If we can take that out, we got a shot at a substantial rally," one floor broker said, adding that the market would look to build a base here. Estimated volume totaled 2,373 lots at 1300 EST. The British pound was $1.6812 at 1500 EST, but little arbitrage business was seen, traders said. The fundamentals are unchanged with strong crop yields expected from West Africa. Tendered notices jumped 1,552 original lots and 138 re-tendered lots to 9,757 lots, which limited the momentum of the buying, sources said. 031127 MET dec 97