CIJENE ŠEĆERA NA BURZI U NEW YORKU

CIJENE ŠEĆERA NA BURZI U NEW YORK-U NEW YORK - Šećer br.11 cijene pri zatvaranju burze 09. prosinca 1997. POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBA MAR8 12.33 12.33 12.35 12.25 12.32 12.33 MAY8 12.23 12.22 12.25 12.16 12.23 12.24 JUL8 11.89 11.84 11.89 11.83 11.89 11.89 OCT8 11.72 11.64 11.72 11.62 11.72 11.72 MAR9 11.54 11.50 11.54 11.49 11.54 11.54 MAY9 11.45 11.42 11.45 11.45 11.47 11.48 JUL9 11.42 11.38 11.42 11.38 11.42 11.42 OCT9 11.37 11.31 11.37 11.37 11.39 11.39 CSCE world sugar ends mixed, front months weaken NEW YORK, Dec 9 (Reuters) - CSCE world sugar prices ended mixed Tuesday, as persistent scale-down trade buying helped to recoup a portion of the market's early losses by the close. World sugar prices sagged at the opening, led lower by speculative liquidation of the spot March contract. But solid trade buying into the decline prevented further losses, propping the March contract back above the 12.30-cent level by the close. Bellwether March futures eased 0.02 cent a lb to 12.33 cents, having traded from 12.25 to 12.35 cents. Second-position May eased 0.01 cent, while the back months finished between 0.01 and 0.06 cent higher. With speculators concentrating their selling on the nearby months, spot premiums narrowed against the deferred contracts. The downturn on the front months comes as market participants grow increasingly wary of the size of the speculative net long position, which rose to more than 112,000 lots through December 2. "People are waking up to the March open interest," said one broker. "It's just too bloated to move higher." He estimated that speculators had padded their net position by an additional 2,000 lots during Monday's session. Unless sugar manages to eclipse contract highs set early last week, the market appeared vulnerable to a sudden selloff by the funds, several traders said. But others contend that a relatively bullish fundamental outlook could sustain prices near current levels for some time to come. They pointed to a troubled Russian sugarbeet harvest, where cold and rainy weather is expected to substantially reduce this season's output. What is more, with the March contract's expiry still months away, long holders were not under any immediate pressure to relinquish positions, they said. The day's volume totaled an estimated 20,217 lots. 101010 MET dec 97