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<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5544" NEWID="1"><DATE>26-FEB-1987 15:01:01.79</DATE><TOPICS><D>cocoa</D></TOPICS><PLACES><D>el-salvador</D><D>usa</D><D>uruguay</D></PLACES><PEOPLE></PEOPLE><ORGS></ORGS><EXCHANGES></EXCHANGES><COMPANIES></COMPANIES><UNKNOWN> C Tf0704reuteu f BC-BAHIA-COCOA-REVIEW 02-26 0105</UNKNOWN><TEXT><TITLE>BAHIA COCOA REVIEW</TITLE><DATELINE> SALVADOR, Feb 26 - </DATELINE><BODY>Showers continued throughout the week inthe Bahia cocoa zone, alleviating the drought since earlyJanuary and improving prospects for the coming temporao,although normal humidity levels have not been restored,Comissaria Smith said in its weekly review. The dry period means the temporao will be late this year. Arrivals for the week ended February 22 were 155,221 bagsof 60 kilos making a cumulative total for the season of 5.93mln against 5.81 at the same stage last year. Again it seemsthat cocoa delivered earlier on consignment was included in thearrivals figures. Comissaria Smith said there is still some doubt as to howmuch old crop cocoa is still available as harvesting haspractically come to an end. With total Bahia crop estimatesaround 6.4 mln bags and sales standing at almost 6.2 mln thereare a few hundred thousand bags still in the hands of farmers,middlemen, exporters and processors. There are doubts as to how much of this cocoa would be fitfor export as shippers are now experiencing dificulties inobtaining +Bahia superior+ certificates. In view of the lower quality over recent weeks farmers havesold a good part of their cocoa held on consignment. Comissaria Smith said spot bean prices rose to 340 to 350cruzados per arroba of 15 kilos. Bean shippers were reluctant to offer nearby shipment andonly limited sales were booked for March shipment at 1,750 to1,780 dlrs per tonne to ports to be named. New crop sales were also light and all to open ports withJune/July going at 1,850 and 1,880 dlrs and at 35 and 45 dlrsunder New York july, Aug/Sept at 1,870, 1,875 and 1,880 dlrsper tonne FOB. Routine sales of butter were made. March/April sold at4,340, 4,345 and 4,350 dlrs. April/May butter went at 2.27 times New York May, June/Julyat 4,400 and 4,415 dlrs, Aug/Sept at 4,351 to 4,450 dlrs and at2.27 and 2.28 times New York Sept and Oct/Dec at 4,480 dlrs and2.27 times New York Dec, Comissaria Smith said. Destinations were the U.S., Covertible currency areas,Uruguay and open ports. Cake sales were registered at 785 to 995 dlrs forMarch/April, 785 dlrs for May, 753 dlrs for Aug and 0.39 timesNew York Dec for Oct/Dec. Buyers were the U.S., Argentina, Uruguay and convertiblecurrency areas. Liquor sales were limited with March/April selling at 2,325and 2,380 dlrs, June/July at 2,375 dlrs and at 1.25 times NewYork July, Aug/Sept at 2,400 dlrs and at 1.25 times New YorkSept and Oct/Dec at 1.25 times New York Dec, Comissaria Smithsaid. Total Bahia sales are currently estimated at 6.13 mln bagsagainst the 1986/87 crop and 1.06 mln bags against the 1987/88crop. Final figures for the period to February 28 are expected tobe published by the Brazilian Cocoa Trade Commission aftercarnival which ends midday on February 27. Reuter</BODY></TEXT></REUTERS>