CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 05. prosinca 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1802.00 N Ivory Maincrop Maincrop 1769.00 N Bahia superior Superior 1799.00 N Sanchez FAQ FAQ 1657.00 N Sulwaesi SAQ FAQ 1630.00 N Arriba Superior Superior 1759.00 N Malaysia 110 1642.00 N Liquor Ecuador 2376.00 N Liquor Brazil 2430.00 N Maslac African 4235.00 N Maslac drugi 4235.00 N Natural Cake 10/12% 603.00 N NEW YORK - Kakao cijene pri zatvaranju burze 05. prosinca 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 1581 1553 1585 1553 1581 1581 MAR8 1600 1576 1608 1576 1599 1602 MAY8 1628 1605 1635 1605 1628 1628 JUL8 1633 1628 1633 1628 1648 1648 SEP8 1649 1649 1649 1649 1667 1667 DEC8 1680 1665 1680 1665 1688 1688 MAR9 1683 1708 1708 MAY9 1722 1722 JUL9 1738 1738 SEP9 1752 1752 CSCE cocoa ends up on chart-based short-covering NEW YORK, Dec 5 (Reuters) - CSCE cocoa futures ended higher Friday on technical-based short-covering led by the funds and speculators, with fundamentals taking a back seat, traders said. March cocoa ended at $1,602 a tonne, up $24 from Thursday's close, trading between $1,576 and $1,608 a tonne. Spot December ended at $1,581 a tonne, up $33. Brazil's northern state of Bahia is expected to produce 2.19 million 60-kg bags of cocoa from its 1997/98 (May/April) crop, down from 3.09 million the previous year, the Bahian Commercial Association said Friday. The mid-crop, which runs from May to September, at 1.34 million bags against 1.69 million bags the previous year. Although a weaker crop was expected out of Brazilian state of Bahia, traders said such numbers were expected and played little role in Friday's rally. "We've been in a bear market now for several weeks," said Arthur Stevenson, analyst with Prudential Securities. "We saw some bottom fishing and a technical bounce, which brought a halt to some of the speculative liquidation we've seen." Prices have fallen $211, or 12 percent, from October 8 through December 1, before rebounding this week. Bahia arrivals totaled 2.00 million bags on the week ended November 30, compared with 2.25 million bags. "There's no real surprise there," Stevenson said. "Most people were expecting a weaker crop from Brazil this year. It was already in the market." "The Ivory Coast crop is more closely watched," said one commission house broker. "Brazil didn't have much of an effect on the market." On the daily March chart, the rally petered out at trendline resistance at $1,608, a trend that began with the October 8 high of $1,770. The $1,608 mark also represents a 38.1 percent retracement of the move beginning with the November 11 high of $1,677 a tonne. The 50-percent mark is $1,618 a tonne. 081105 MET dec 97