CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 06. siječnja 1998. Differentials /spot/ ZADNJA Santos 4's 2 cts under "C" 159.40 N Colombian MAMs 16 cts over "C" 177.40 N El Salvador 7 cts over "C" 168.40 N Mexican 2 cts under "C" 159.40 N Guatemala 7 cts over "C" 168.40 N Peru 4 cts over "C" 165.40 N Uganda Pmy Robs 10 cts over London 87.02 N Indonesia EK1 2 cts over London 79.02 N Ecuador Ext Sup 18 cts under "C" 143.40 N NEW YORK - KAVA cijene pri zatvaranju burze 06. siječnja 1998. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAR8 161.50 170.00 171.50 158.00 161.25 161.40 1 MAY8 156.50 164.50 165.50 155.00 156.50 156.50 1 JUL8 150.50 159.00 159.00 149.75 151.00 151.15 1 SEP8 145.00 152.50 153.00 145.00 145.50 145.65 1 DEC8 140.75 149.00 149.10 140.50 141.00 141.15 1 MAR9 144.75 138.00 138.15 1 MAY9 142.00 136.00 136.15 1 CSCE coffee ends sharply lower NEW YORK, Jan 6 (Reuters) - CSCE coffee futures ended sharply lower Tuesday, giving back Monday's gains, on good volume. "I don't like the coffee market," said James Cordier, an analyst with brokers Allendale in Florida. "Coffee is trading at three times what it was some years ago, and with the world economy seen slowing as a result of the Asian currency crisis, many commodity firms are going to sell as much stock as they can in the next few weeks. "Would you rather be sitting on commodity inventories which are losing value or trade them in for U.S. dollars which are continuing to appreciate," he asked. CSCE March coffee ended down 9.30 cents at 161.40 cents, after slumping to a 158.00 cent low intraday, testing last week's lows. Total CSCE coffee volume was an above-average 10,407 lots. But the March's contract's daily momentum oscillators remain mostly neutral, suggesting the market is still trying to find some direction in the new year, despite the choppy price action this week, traders said. Twenty-day average historical volatility rose further though to 66 pct, but the contract's five-day moving average remains trapped between the contract's 21-day and 55-day moving averages, suggesting a lack of clear direction. US certified coffee stocks remained unchanged at 97,988 60-kg bags in the latest data for December 31, published late Monday. But supplies in the next three months could become more restricted, partly because of the small Brazilian 1997/98 crop, traders said. Brazilian differentials have been firming as a result and as cash market differentials firm up, so too could the market, German analyst F.O. Licht said in a daily commentary. But longer term the 1998/99 Brazilian crop is expected to be larger than this year's crop, limiting further gains. CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 05. siječnja 1998. Differentials /spot/ ZADNJA Santos 4's 2 cts under "C" 168.70 N Colombian MAMs 16 cts over "C" 186.70 N El Salvador 7 cts over "C" 177.70 N Mexican 2 cts under "C" 168.70 N Guatemala 7 cts over "C" 177.70 N Peru 4 cts over "C" 174.70 N Uganda Pmy Robs 10 cts over London 87.93 N Indonesia EK1 2 cts over London 79.93 N Ecuador Ext Sup 18 cts under "C" 152.70 N NEW YORK - KAVA cijene pri zatvaranju burze 05. siječnja 1998. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MTH LAST OPEN HIGH LOW CLOSE SETTLE P MAR8 171.00 161.90 171.00 161.90 170.25 170.70 1 MAY8 165.00 157.50 165.00 157.50 164.50 164.95 1 JUL8 159.00 151.50 159.00 151.50 159.00 159.00 1 SEP8 151.00 145.50 151.00 147.50 152.75 153.00 1 DEC8 145.00 142.20 145.00 142.25 148.25 148.50 1 MAR9 139.00 145.00 145.50 1 MAY9 139.00 143.00 143.50 1 CSCE coffee ends sharply higher on better volume NEW YORK, Jan 5 (Reuters) - CSCE coffee futures ended sharply higher Monday on moderate volumes, after support at last week's low held early, prompting a turnaround which took the market up through last week's highs in the nearby active contract. "It was mostly a technical breakout," Merrill Lynch analyst Judith Ganes said. "We're not talking about a rally like last year's but the supply lines may be stretched again during the transition between the 1996/97 harvest and the incoming 1997/98 harvest," she said. CSCE March coffee ended up 8.25 cents at 169.25 cents a pound, after breaking above last week's highs at 167.50 cents and rallying to a session high at 171.00, the highest level since December 16. But the contract's five-day moving average remained below its 21-day moving average, suggesting the downtrend since mid-December may not have reversed completely yet. Estimated total CSCE coffee volume was around 7,000 lots, up from 4,254 lots on the last trading day of 1997. The March/May spread edged out to 6.00 cents a pound from 4.70 cents last Wednesday. The CSCE was closed Thursday and Friday last week for the New Year holiday. CSCE coffee stocks fell 1,748 bags to 97,988 bags in the latest data for December 30. "Presently consumer stocks are higher than a year ago, but they may have to be reduced to cover needs," Ganes said. In industry news, Indonesian coffee prices edged higher on Monday as the industry headed into a period of lean supply due a delay in the 1998 harvest, traders said. The U.S. Department of Agriculture last month estimated Indonesia's 1997/98 production at 7.1 million 60-kg bags, up from the June forecast of 6.8 million but 10 percent less than the revised estimate for 1996/97. Indonesia is the world's third largest coffee producer after Brazil and Colombia. Coffee prices had a roller-coaster ride in 1997, more than doubling from around 120 cents a pound at the start of the year to a high at 318.00 cents in early June, before concerns about a large Brazilian crop in the 1997-98 year saw the rally give back about 60 percent of its gains. 071158 MET jan 98