CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 28. svibnja 1997. Differentials /svibanj/ ZADNJA Santos 4's 65 cts under "C" 230.55 N Colombian MAMs 40 cts over "C" 335.55 N El Salvador 25 cts over "C" 320.55 N Mexican 20 cts over "C" 315.55 N Guatemala 26 cts over "C" 321.55 N Peru 20 cts over "C" 315.55 N Uganda Pmy Robs 12 cts over London 114.51 N Indonesia EK1 4 cts under London 98.51 N Ecuador Ext Sup 16 cts under "C" 279.55 N NEW YORK - KAVA cijene pri zatvaranju burze 28. svibnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 295.50 275.00 297.00 275.00 295.00 295.55 2 SEP7 255.50 238.00 258.00 238.00 254.00 256.70 2 DEC7 207.95 203.00 207.95 203.00 207.95 214.55 2 MAR8 192.65 187.00 192.65 186.50 192.65 195.55 1 MAY8 184.00 180.00 184.00 180.00 184.00 184.00 1 JUL8 178.00 173.00 178.00 178.00 178.00 181.55 1 SEP8 163.00 169.50 174.55 1 DEC8 CSCE coffee rallies sharply, July at 20-year high NEW YORK, May 28 (Reuter) - CSCE coffee futures spiked up for the second day in a row on Wednesday, with the benchmark July contract surging to a new 20-year high, as ongoing worries about the supply of quality arabica beans fueled a speculative buying frenzy, market sources said. "This market is like a freight train, don't get in front of it," said Victor Henriquez, president of Miami-based Hencorp-Becstone. "No one wants to be short." July arabicas shot up to a new life-of-contract high of 297.00 cents per lb, the highest price since September 1977, before closing at 295.55 cents, up a hefty 21.25 cents -- or nearly eight percent -- on the day. Second-position September closed 19.20 cents higher, at 256.70 cents, while the back months rose 6.00 to 12.60. Coffee prices headed higher at the outset, defying pre-opening expectations, as speculators followed through on Tuesday's buying spree. Traders said weather forecasts calling for below normal temperatures later this week in top-producer Brazil also prompted buying. Although weather forecasters said temperatures in Brazil's coffee belt are not expected to drop low enough to cause damage to coffee trees, traders said any signs of cool weather at a time when inventories in consuming and producing countries hover near 20-year lows will spark panicky buying. Two severe frosts in 1994, one in June and another in July, damaged more than half of Brazil's coffee trees and sent world prices reeling higher. "There was no change or nothing new," said Smith Barney analyst Walt Spilka. "The fundamentals are the same, they just become more bullish because of the coming winter in Brazil. "There's no sign of cold weather in Brazil, so I tend to think it's just a speculative frenzy," he added. The two-day speculative buying frenzy has driven the July contract up 38.70 cents -- or 15 percent -- since Friday's close. Traders said the recent rally has been exaggerated by a lack of selling, with many Latin American producers believed to be well sold ahead of their 1997/98 harvest this autumn. "The biggest problem is that there is no selling from origin," Hencorp-Becstone's Henriquez. "Nearly every bean from origin has been sold." New York arabica futures have staged a stunning rally since the end of last year -- with prices rising more than 150 percent -- on supply concerns. Forecasts for smaller-than-expected crops in many Latin American countries, labor unrest in Colombia and Brazil and projections for a smaller crop in top-grower Brazil in the coming 1997/98 season have heightened supply worries. But as prices continue to climb, roasters have been forced to pass higher costs to consumers. Some operators fear some coffee drinkers may soon shun the higher-priced brew and opt for other beverages. On Wednesday, Starbucks Corp. said it planned to raise prices for the second time on its coffee prices to reflect the higher cost of coffee beans worldwide. The Seattle-based retailer and roaster said most coffee beverage prices will increase by $0.05 to $0.10 per cup, while the price of whole beans will increase by $0.40 per pound, effective on Friday. Volume reached an estimated 14,131 lots. 291100 MET may 97