CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 26. ožujka 1997. Differentials ZADNJA Santos 4's 6 cts under "C" 180.85 N Colombian MAMs 40 cts over "C" 226.85 N El Salvador 7 cts over "C" 193.85 N Mexican 2 cts under "C" 184.85 N Guatemala 10 cts over "C" 196.85 N Peru 4 cts over "C" 190.85 N Uganda Pmy Robs 7 cts over London 80.26 N Indonesia EK1 4 cts under London 69.26 N Ecuador Ext Sup 10 cts under "C" 176.85 N NEW YORK - KAVA cijene pri zatvaranju burze 26. ožujka 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE MAY7 186.50 180.00 189.00 180.00 186.35 186.85 1 JUL7 171.75 170.50 175.00 169.25 171.50 172.00 1 SEP7 161.00 163.10 165.30 160.50 161.00 161.60 1 DEC7 149.00 150.00 151.65 147.00 148.00 148.15 1 MAR8 139.00 141.00 141.00 137.00 139.00 139.00 1 MAY8 130.00 130.00 131.00 1 JUL8 127.00 128.00 129.00 1 SEP8 CSCE coffee posts strong gains for the second day NEW YORK, March 26 (Reuter) - CSCE coffee futures ended sharply higher for the second day in a row on Wednesday, as speculators continued to buy heavily amid lingering supply concerns, traders said. Although consumer coffee stocks in the U.S. have increased in recent weeks, traders said inventories remained extremely low and the tight situation was likely to spill over into the second half of the year. "Stocks have only moved up marginally and producers are virtually soldout," said Merrill Lynch analyst Judith Ganes. "People believe this market is happening again." May futures jumped 7.55 cents per lb on the day, to close at a two-week high of 186.85 cents, after ranging from 189.00 to 180.00. Second-position July rose 3.35 cents, to 172.65, widening the nearby switch to 14.85 cents. Traders said the market's two-day rally was exaggerated by a shortage of sellers, with many Latin American producers on the sidelines ahead of the long Easter weekend. After Wednesday's close, the Association of Coffee Producing Countries (ACPC) said in its latest monthly report that the supply prospects for arabica coffee in the third quarter of 1997 continued to look tight and vulnerable to disruptions. The group lowered its estimate for the Central American 1996/97 coffee crop to 15.4 million 60-kg bags from its previous forecast of 15.8 million. ACPC estimated that world coffee availability could fall to 17.91 million bags in the third quarter of 1997 from 18.37 million in the same quarter a year ago. "There is going to be incredibly tight supplies," said Allendale analyst Jim Cordier. "The fundamentals show conditions are just as tight as when the market reached the highs three weeks ago. And I expect them to hit those highs again." Low inventory levels combined with expectations for a 1997/98 lower crop in top-grower Brazil and delays in shipments out of seconding-leading producer Colombia due to strikes, drove New York arabica futures earlier this month to two-and-a-half year highs. However, higher futures prices translated to higher prices on the supermarket shelf, prompting fears coffee-drinkers would cut down on consumption. In their monthly report, the ACPC lowered the world coffee consumption estimate to 76 million bags at the most on an annualized basis from 76.5 million previously due to recent retail price rises. "If consumption does go down, it should lessen supply worries," said Refco analyst Ann Prendergast. "I'm not sure I see the justification for these prices." Technically, Prendergast said today's higher close after sharply lower pre-opening expectations would probably encourage more buying on Thursday. But she warned the market could be vunerable to a late-session sell-off as operators take profits ahead of the long Easter week-end. CSCE reported after Wednesday's close certified coffee stocks declined for the first time in two weeks, falling 281 60-kg bags, to 81,848 60-kg bags as of March 25. There were an additional 250 bags pending grading, the exchange said. The day's volume reached an estimated 12,532 lots, compared with Tuesday's official tally of 13,922 lots. 270959 MET mar 97