CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 03. prosinca 1996. minimalne količine vagona, cijene u am. dolarima po toni posljednja Ghana Maincrop 1635.00 N Ivory Maincrop Maincrop 1582.00 N Bahia superior Superior 1585.00 N Sanchez FAQ FAQ 1430.00 N Sulwaesi SAQ FAQ 1405.00 N Arriba Superior Superior 1440.00 N Malaysia 110 1478.00 N Liquor Ecuador 2103.00 N Liquor Brazil 2257.00 N Maslac African 3939.00 N Maslac drugi 3939.00 N Natural Cake 10/12% 525.00 N NEW YORK - Kakao cijene pri zatvaranju burze 03. prosinca 1996. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC6 1339 1344 1352 1339 1339 1342 MAR7 1404 1389 1410 1385 1404 1405 MAY7 1424 1408 1426 1405 1423 1424 JUL7 1445 1427 1445 1426 1443 1444 SEP7 1460 1445 1460 1443 1460 1460 DEC7 1475 1464 1475 1462 1480 1480 MAR8 1493 1484 1493 1480 1499 1500 MAY8 1497 1514 1514 JUL8 1507 1534 1534 SEP8 CSCE cocoa ends mostly firmer after London rally NEW YORK, Dec 3 (Reuter) - CSCE cocoa futures ended firmer on Tuesday, erasing sharp morning losses, on the heels of a late rally in the London market, dealers said. The London cocoa market soared some 20 stg across-the-board on Tuesday after the British sterling slid from recent highs. Sterling's weakness against the U.S. dollar on Tuesday prompted arbitrage selling in New York early on, traders said, but after London quickly began to climb the New York shrugged off the currency news. "The pound weakened New York initially," one trader said. "But then London broke out of its recent trading range and we followed them up." New York's benchmark March contract slumped to a low of $1,385 a tonne before scale-down industry buying emerged, traders said. Speculative and local short-covering activated buy-stops around $1,395 in the March contract, traders said, but March bumped into some resistance and origin selling near $1,410. New York's March contract rose $5 a tonne on the day, to end at $1,405, traded from $1,410 to $1,385. Spot December ended $6 weaker, at $1,342, while the rest closed up $2 to $7. Volume was moderate, at an estimated 8,150 lots. While London traders said the market's upturn was also aided by a UK cocoa analysts PCR Ltd report pegging the 1996/97 world cocoa supply deficit at 127,000 tonnes compared with an estimated surplus of 186,000 tonnes in 1995/96, New York traders generally downplayed the forecast. "A 127,000 (tonnes) deficit would be moderately bullish but it is already substantially included in the market," said Prudential Securities analyst Arthur Stevenson. PCR's estimate was based on an Ivorian output forecast of 1.065 million tonnes for 1996/97 compared with 1.220 million seen in 1995/96. Total world production was pegged at 2.695 million tonnes, significantly lower than last season's estimate of 2.929 million and grindings were up by three percent at 2.795 million. However, the PCR report came in shortly after a report by the Economist Intelligence Unit (EIU) which put the cocoa deficit at 20,000 tonnes in 1996/97 after an estimated surplus of 150,000 in 1995/96. Earlier forecasts for a 1996/97 world cocoa deficit ranged widely between 87,000 tonne and 259,000 tonnes. "The estimates vary so much, what does it mean?" one trader said. 041124 MET dec 96