COMMODITY BRIEFS

COMMODITY BRIEFS

IMPALA MINE RETURNS

TO FULL PRODUCTIONJOHANNESBURG, South Africa - Impala Platinum's Bafokeng North platinum mine in Bophuthatswana returned to full production Tuesday morning, according to a spokesman for mine owners Genmin.

Workers at the mine failed to turn up for work Monday after clashes over the weekend left 13 miners dead. There was a normal shift there Tuesday morning, the spokesman said.

UK COURT TO RESOLVE

COCOA CONTRACT ROW

LONDON - London-based trade house C. Czarnikow will go to Britain's High Court on April 28 to resolve a dispute with China over a contract for 22,000 metric tons of cocoa on which the Chinese allegedly defaulted, sources close to the dispute said.

As a result, the trade house was left with a large physical exposure at a time when the price of cocoa was dropping rapidly.

Czarnikow has already won an arbitration award from the London Cocoa Market of UK250,000 over this case, which originated in 1989 with Czarnikow's contract through a Hong Kong broker.

VENEZUELA SEEN SHIFTING

FROM US FOR WHEAT WASHINGTON - Venezuela is expected to import 1.1 million additional tons of wheat in 1992, but it may buy more of that wheat

from Canada and Europe than from the United States, the U.S. Agriculture Department attache to Venezuela said.

In a report dated March 15 but released Monday, the attache said that Venezuela's demand for wheat is on the rise, but competition from Canada already has cut the U.S. share of the market to 40 percent from 85 percent.

"Price competition from Europe and Saudi Arabia is also increasing," the attache said.

The report said Venezuela's political crisis made the feed and grain sector outlook highly uncertain.