CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 20. svibnja 1997. Differentials /svibanj/ ZADNJA Santos 4's 30 cts under "C" 210.25 N Colombian MAMs 50 cts over "C" 290.25 N El Salvador 25 cts over "C" 265.25 N Mexican 20 cts over "C" 260.25 N Guatemala 26 cts over "C" 266.25 N Peru 20 cts over "C" 260.25 N Uganda Pmy Robs 12 cts over London 106.12 N Indonesia EK1 4 cts under London 90.12 N Ecuador Ext Sup 14 cts under "C" 226.25 N NEW YORK - KAVA cijene pri zatvaranju burze 20. svibnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 240.50 243.50 245.00 239.00 239.80 240.25 2 SEP7 214.50 217.50 218.30 212.50 214.50 214.70 2 DEC7 190.25 192.50 193.00 189.65 190.00 190.15 1 MAR8 177.00 179.25 181.00 177.00 177.00 177.00 1 MAY8 169.10 170.00 170.00 169.00 169.00 169.20 1 JUL8 161.00 163.00 163.05 1 SEP8 158.10 158.00 158.10 158.00 153.45 153.50 1 DEC8 CSCE coffee corrects further, ends broadly lower NEW YORK, May 20 (Reuter) - CSCE coffee futures retreated for the third day in a row on Tuesday, in a continued technical correction to last week's blistering rally, traders said. After running up a hefty 37.30 cents per lb in the first four sessions of last week, the benchmark July contract has retraced 14.95 cents -- or about 40 percent. "The market reached an extremely overbought region and basically it just corrected," said Smith Barney analyst Walt Spilka. "I would not be surprised if it goes back up, but I don't think you'll have the move up you had before. It comes down now to the weather in Brazil and, outside a frost in Brazil, everything else is discounted." July arabicas settled 6.00 cents per lb lower, at 240.25 cents, after ranging from 245.00 to 239.00 cents. Second-position September fell 5.30 cents to 214.70 cents, while the outer months finished down 0.95 to 6.00. Coffee prices took a downturn at the outset, pressured by a round of nervous local sales and commission house switch selling, traders said. Downward momentum picked up speed after the July contract slid beneath Monday's low of 243.25 cents, triggering light sell-stops, they said. But 239.00-238.00 cents basis July proved to be solid technical support level, traders noted. Smith Barney's Spilka said sentiment was dampened today by a host of fundamentals, including eight consecutive days of CSCE certified stock build ups, weather forecasts in top-grower Brazil calling for the country's coffee belt to escape frost damage this weekend and expectations for a normal sized 1997/98 crop in second-biggest producer Colombia. At a producer/consumer meeting in London on Tuesday, the head of Colombia's National Coffee Growers Federation, Jorge Cardenas, said he expected the coming October/September 1997/98 crop to be a normal crop of 12.2 million bags compared with 10.2 million bags in 1996/97. Market sources said bullish sentiment may have also taken a hit this week by talk the Association of Coffee Producing Countries (ACPC) would revise their policy on export quotas in view of the recent explosive futures run-up. Delegates to London coffee talks said on Tuesday that the ACPC may favor a return to a trigger-price mechanism to help regulate future supply to the market. At a meeting of the ACPC six-member technical group on Monday, a draft proposal for a full session on Wednesday would have the group retain export quotas but include new flexibility on allocating them, delegates said. Technically, traders continued to peg near-term July support at 239-238 cents, with a breach of that level leading to a test of 232 cents. On the upside, initial July resistance was seen at 242 cents, followed by today's high of 245 cents. After Tuesday's close, the CSCE reported certified coffee stocks continued to climb. Stocks increased by 1,770 bags, to 48,962 bags as of May 19. There were 4,000 bags of coffee pending grading, the exchange said. Also after the close, second-largest U.S. roaster Maxwell House Coffee Co, a division of Philip Morris' Kraft Foods, said it will raise the list price on its standard 13-ounce cans of regular and decaffeinated ground coffees by 30 cents, effective immediately. Volume was moderate, at an estimated 8,665 lots. 211049 MET may 97