CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 04. studenoga 1996. minimalne količine vagona, cijene u am. dolarima po toni posljednja Ghana Maincrop 1567.00 N Ivory Maincrop Maincrop 1517.00 N Bahia superior Superior 1520.00 N Sanchez FAQ FAQ 1377.00 N Sulwaesi SAQ FAQ 1342.00 N Arriba Superior Superior 1385.00 N Malaysia 110 1425.00 N Liquor Ecuador 1988.00 N Liquor Brazil 2186.00 N Maslac African 3781.00 N Maslac drugi 3772.00 N Natural Cake 10/12% 508.00 N NEW YORK - Kakao cijene pri zatvaranju burze 04. studenoga 1996. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC6 1326 1332 1339 1321 1323 1325 MAR7 1364 1370 1378 1362 1364 1365 MAY7 1384 1392 1399 1384 1384 1384 JUL7 1397 1405 1411 1397 1397 1399 SEP7 1419 1420 1425 1415 1415 1417 DEC7 1448 1440 1448 1448 1438 1438 MAR8 1458 1459 MAY8 1473 1474 JUL8 1494 1494 SEP8 CSCE cocoa slumps to seven-month low at close NEW YORK, Nov 4 (Reuter) - CSCE cocoa futures, pummeled by successive waves of speculative selling, fell on Monday to their lowest level in seven months, trading sources said. March 1997 delivery, which recently surpassed nearby December in terms of open interest, slumped $19 to $1,365, its lowest close since last March. Key support was breached at $1,366. Nearby December futures fell $20 a tonne on the day, to $1,325, taking out a crucial chart barrier at $1,329. Today's performance came as a result of a steadily improving supply outlook for the 1996/97 crop year, said Merrill Lynch analyst Judith Ganes. She noted that cocoa processors are enjoying a healthy supply surplus for the 1995/96 season, and recent estimates have called for a smaller-than-expected deficit for the 1996/97 crop year. "The result of the two years is going to be a net (supply) gain...so why should we rally?" said Ganes. Virtually every supply overview has called for demand to exceed production in 1996/97. But estimates for the deficit have ranged from a low of 87,000 tonnes put forth by Merrill Lynch, to more than 200,000 tonnes seen by the International Cocoa Organization (ICCO) and some European trade houses. But carryover stocks from last year's bumper crop should be enough fill in the gap, dealers said, noting that the ICCO on Monday raised its estimate for the 1995/96 surplus to 133,000 tonnes, from a previous 120,000. Since the new crop year was officially launched last week by top growers Ivory Coast and Ghana, signs that shipments have been building up in Abidjan have weighed on the market. Scale-down buying by manufacturers should offer a buffer to the downside, but both speculative selling and price-fixing by producer countries was likely to cap the upside, traders said. Support should emerge to the widely-watched $1,350 level basis March, while December could find support near today's low of $1,321. The day's volume was unusally heavy, at an estimated 18,445 lots. 051045 MET nov 96