CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 13. lipnja 1997. Differentials /svibanj/ ZADNJA Santos 4's 15 cts under "C" 180.70 N Colombian MAMs 35 cts over "C" 230.70 N El Salvador 5 cts over "C" 200.70 N Mexican even to "C" 195.70 N Guatemala 5 cts over "C" 200.70 N Peru 10 cts over to "C" 205.70 N Uganda Pmy Robs 8 cts over London 87.61 N Indonesia EK1 4 cts under London 75.61 N Ecuador Ext Sup 18 cts under "C" 177.70 N NEW YORK - KAVA cijene pri zatvaranju burze 13. lipnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 195.00 211.00 212.50 195.00 195.00 195.70 2 SEP7 182.25 195.00 198.00 182.00 182.00 182.75 1 DEC7 164.25 170.50 172.50 164.25 164.25 161.50 1 MAR8 153.00 158.50 160.00 153.00 153.00 149.50 1 MAY8 150.50 155.00 158.00 149.25 149.25 146.25 1 JUL8 145.00 153.00 153.00 145.00 144.00 142.25 1 SEP8 143.00 140.00 137.75 1 DEC8 CSCE coffee ends sharply lower ahead of USDA data NEW YORK, June 13 (Reuter) - CSCE coffee closed sharply lower Friday, pressured by speculative liquidation ahead of key crop estimates from USDA. Benchmark September settled down 9.65 cents at 182.75 cents a lb after ranging from 198.00 to 182.00. Spot July, which fell under the $2.00 level for the first time since late April, ended 12.10 cents lower at 195.70 cents. The rest lost 5.25 to 9.50 cents. Continued selling of the July/September switch also weighed on the market, with speculators unloading nearby positions ahead of the spot contract's first notice day June 20, traders said. The switch narrowed to 12.95 cents at the close from 15.40 Thursday. After today's close, USDA estimated the 1997/98 crop would come in at 28 million bags, compared to an upwardly revised 27.5 million bags in 1996/97. Early estimates from the trade in Brazil have put next season's crop at anywhere from 18 to 25 million 60-kg bags, versus an estimated 1996/97's yield of at least 27 million. Most U.S. traders said they expected the USDA figure for 1997/98 to surpass the Brazil trade forecasts, with some estimates looking toward the 27 million-bag mark. "Came down quite a bit today, so I think this is in the market," said one trader. "But there may be a little follow-through selling on Monday." Second-largest producer Colombia's 1997/98 crop was pegged at 11.3 million bags by the USDA, versus a downwardly revised 1996/97 crop of 10.3 million bags. USDA forecast world coffee production in 1997/98 to match the 1991/92 record of 103.7 million bags, compared with 100.7 million bags the previous season. "That is negative," said Dean Witter analyst Steve Platt. "At 103.7 million, you're looking at a stock build. Those people who were looking for $4 are probably going to be looking at $1.50 soon." Traders also said talk of an increase in U.S. monthly consumer stocks may have contributed to today's bearish tone. The Green Coffee Association of New York will release its May inventory data on Monday at 1500 EDT/1900 GMT. Most industry participants expected aggressive shipments by producers to build stockpiles in the U.S. by some 150,000-300,000 bags in May, although some estimates were even higher. Last month, GCA reported U.S. consumer coffee stocks rose by 198,000 bags in April, to 1,855,000 bags. Since July coffee rocketed to 20-year high of 318.00 last month, values have tumbled by some 38 percent and traders said sentiment has turned bearish. "Right now, barring a weather event in Brazil, I think we've seen the top since the price rise was speculative excess," said Smith Barney analyst Walt Spilka. Friday's volume reached an estimated 9,910 lots. 161033 MET jun 97