CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 22. siječnja 1997. minimalne količine vagona, cijene u am. dolarima po toni posljednja Ghana Maincrop 1512.00 N Ivory Maincrop Maincrop 1473.00 N Bahia superior Superior 1470.00 N Sanchez FAQ FAQ 1328.00 N Sulwaesi SAQ FAQ 1303.00 N Arriba Superior Superior 1342.00 N Malaysia 110 1373.00 N Liquor Ecuador 1944.00 N Liquor Brazil 2043.00 N Maslac African 3646.00 N Maslac drugi 3652.00 N Natural Cake 10/12% 421.00 N NEW YORK - Kakao cijene pri zatvaranju burze 22. siječnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAR7 1288 1312 1317 1287 1287 1290 MAY7 1320 1342 1346 1320 1320 1321 JUL7 1346 1368 1370 1346 1346 1350 SEP7 1380 1392 1395 1380 1380 1380 DEC7 1400 1412 1417 1400 1400 1401 MAR8 1429 1432 1429 1427 1419 1420 MAY8 1450 1442 1450 1450 1435 1435 JUL8 1453 1453 SEP8 1470 1470 DEC8 1478 1478 CSCE cocoa tumbles to new lows on fund selling NEW YORK, Jan 22 (Reuter) - CSCE cocoa futures plummeted on Wednesday, as technically-driven fund selling drove prices to fresh contract lows across-the-board, floor sources said. The most-active March contract tumbled to a fresh life-of-contract low of $1,287 a tonne, before settling at $1,290, down $35 -- or nearly three percent -- on the day. On the continuous weekly chart today's finish was the lowest in 10 months. Second-month May fell $32, to $1,321, while the back months closed $20 to $28 lower. Volume was extremely heavy, at an estimated 19,753 lots. Prices gapped some $10 lower at the outset, quickly setting new lows, as currency-linked selling pressured the market, traders said. Traders said strength in the U.S. dollar against the sterling, hurt the New York market as arbitrage sold dollar-denominated CSCE futures. "It was a technical sell-off," one dealer said. "And the currency did not help matters." The March contract breached technical support at the $1,300 level, activating sell-stops and accelerating the slide, they added. Technically, traders said March should find strong support at $1,280 mark, while resistance was seen near $1,330. "I would be surprised if it broke $1,280 without some fundamental reason," said Refco Inc analyst Ann Prendergast. Prendergast said projections of a smaller 1996/97 Ivorian cocoa crop, coupled with lower production in Ghana, Malaysia and other producing countries, could point to a supply deficit in the future. However, another analyst noted a short-term glut of supply may have contributed to the market's current downturn. "The market is focusing on the tons of cocoa lying around from last year's huge crop," he said. "There are plenty of stocks in producing countries." Ivory Coast port officials told Reuters Wednesday the country's warehouses were swollen to capacity with cocoa following small December shipments. Ivory Coast's total cocoa warehousing capacity has never been disclosed officially but one port source said it was between 380,000 and 390,000 tonnes. 231027 MET jan 97