CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 18. veljače 1997. minimalne količine vagona, cijene u am. dolarima po toni posljednja Ghana Maincrop 1475.00 N Ivory Maincrop Maincrop 1435.00 N Bahia superior Superior 1437.00 N Sanchez FAQ FAQ 1295.00 N Sulwaesi SAQ FAQ 1262.00 N Arriba Superior Superior 1307.00 N Malaysia 110 1330.00 N Liquor Ecuador 1867.00 N Liquor Brazil 2044.00 N Maslac African 3518.00 N Maslac drugi 3552.00 N Natural Cake 10/12% 460.00 N NEW YORK - Kakao cijene pri zatvaranju burze 18. veljače 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAR7 1224 1220 1230 1220 1223 1225 MAY7 1267 1265 1273 1264 1266 1267 JUL7 1296 1300 1302 1295 1296 1297 SEP7 1327 1332 1333 1325 1327 1327 DEC7 1353 1354 1355 1350 1353 1354 MAR8 1380 1375 1381 1376 1380 1383 MAY8 1400 1400 1400 1399 1402 1404 JUL8 1420 1422 1422 SEP8 1439 1439 DEC8 1454 1454 Weaker sterling drives CSCE cocoa to lower close NEW YORK, Feb 18 (Reuter) - CSCE cocoa futures ended broadly lower in light volume Tuesday, driven down by currency-related arbitrage against the London market, trading sources said. A sharp drop in the value of the British pound versus the U.S. dollar touched off a flurry of arbitrage sales early in the session, as operators abandoned the New York market in favor of sterling-denominated London cocoa. "The pronounced strength of the U.S. dollar led to an $18 currency-adjusted decline in the New York market," said one trader. But after gapping sharply lower at the open, the selling momentum all but evaporated and prices drifted in a narrow range for the remainder of the day. Most-active May fell $18 per tonne on the day, to $1,267, having traded from $1,264 to $1,273. Spot March eased $2, to $1,225, while the outer months fell $15 to $19. In contrast, London's May contract gained six stg a tonne on Tuesday, to close at 880 stg. Volume was estimated at 4,433 lots, with more than half the day's turnover posted during the first hour of trading. Aside from the day's currency activity, fresh developments were scarce, traders said. Arrivals in West Africa continue to trail last year's pace, reinforcing the market's steep contango. Hot and dry weather in the West African cocoa growing areas was expected to continue through the end of the week, but so far it was not seen as a threat to the region's mid-crop. Technically, traders continued to eye May's contract low of $1,252 set last week. Commercially-linked buying was expected to provide a buffer just above that level, though hedge selling by producers would likely cap any signficant upside momentum. Resistance was noted above today's highs, and subsequently at $1,291 and $1,300 basis May delivery. 191011 MET feb 97