CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 02. svibnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1599.00 N Ivory Maincrop Maincrop 1561.00 N Bahia superior Superior 1571.00 N Sanchez FAQ FAQ 1439.00 N Sulwaesi SAQ FAQ 1397.00 N Arriba Superior Superior 1437.00 N Malaysia 110 1469.00 N Liquor Ecuador 2036.00 N Liquor Brazil 2174.00 N Maslac African 3875.00 N Maslac drugi 3829.00 N Natural Cake 10/12% 524.00 N NEW YORK - Kakao cijene pri zatvaranju burze 02. svibnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAY7 1371 1375 1375 1370 1368 1368 JUL7 1381 1386 1392 1376 1377 1379 SEP7 1407 1411 1420 1405 1406 1407 DEC7 1437 1440 1449 1435 1437 1437 MAR8 1465 1466 1475 1461 1465 MAY8 1493 1485 1485 JUL8 1500 1504 1505 SEP8 1520 1520 DEC8 1535 1535 MAR9 1567 1567 CSCE cocoa ends lower for sixth day in a row NEW YORK, May 2 (Reuter) - CSCE cocoa prices ended lower for the sixth consecutive session on Friday, sinking to their lowest level in two months, amid continued long liquidation by speculators, traders said. "This market keeps going down, down, down," said one trader. "There's enough cocoa around, technicals are bearish and the specs are still long. There's no reason for this market to go up." Benchmark July futures fell $12 a tonne on the day, to $1,379, near the bottom of today's $1,392-$1,376 range. Spot May ended $12 lower, at $1,368, while the back months sagged $5 to $10. After gapping $5 a tonne lower at the open, the market drifted in weaker territory for the bulk of the day. Some scale-down manufacturer buying emerged, briefly nudging some contracts above unchanged. But prices drifted back toward the lows after the London market closed in abbreviated trading ahead of a UK trade dinner. "The specs just kept liquidating," said one trader. "Not aggressively, just casual selling." Some traders said the recent downturn -- which has seen the July contract plummet $101 this week -- reflected the market's acceptance that supplies from Ivory Coast would be better than previously expected. On Wednesday, broker GNI cut its 1996/97 world cocoa deficit estimate to 33,000 tonnes from its earlier forecast of 180,000 tonnes due to an increased production estimate for top-grower Ivory Coast. They put total 1996/97 Ivorian output at 1.15 million tonnes, including a 160,000-tonne mid-crop. The International Cocoa Organization also reduced its production deficit estimate to 115,000 tonnes for 1996/97, down from its earlier estimate of 225,000 tonnes. Technically, July support was seen at $1,365-1,360, while resistance was pegged near today's high ot $1,392. Major resistance awaited at $1,400, followed by $1,418. An estimated 7,388 lots were exchanged on the day. The London market will be closed on Monday for a local holiday, reopening on Tuesday 051121 MET may 97