CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 10. srpnja 1997. Differentials /svibanj/ ZADNJA Santos 4's 10 cts under "C" 172.50 N Colombian MAMs 30 cts over "C" 212.50 N El Salvador 11 cts over "C" 193.50 N Mexican even to "C" 182.50 N Guatemala 11 cts over "C" 193.50 N Peru 17 cts over "C" 199.50 N Uganda Pmy Robs 8 cts over London 86.93 N Indonesia EK1 4 cts under London 74.93 N Ecuador Ext Sup 18 cts under "C" 164.50 N NEW YORK - KAVA cijene pri zatvaranju burze 10. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 182.50 195.00 195.00 182.50 182.50 182.50 1 SEP7 160.50 177.50 178.00 160.00 160.50 161.70 1 DEC7 148.00 159.25 160.00 147.50 148.00 148.60 1 MAR8 143.50 149.50 150.00 143.50 140.25 140.50 1 MAY8 139.50 145.00 139.50 139.50 136.50 136.75 1 JUL8 138.05 145.00 145.00 138.05 134.50 134.75 1 SEP8 134.00 140.00 134.00 134.00 132.50 132.75 1 DEC8 138.00 140.00 138.00 1 CSCE coffee tumbles, September ends at 3-month low NEW YORK, July 10 (Reuter) - CSCE coffee futures tumbled to three-month lows on Thursday, as speculators sold franticly on diminished supply concerns, traders said. "Supply fears have dissipated," said Refco Inc analyst Ann Prendergast. "If you want coffee you can get it and it is tempering any urge to go higher." Benchmark September arabicas plummeted 15.35 cents per lb -- or nearly 9 percent -- on the day, to 161.70 cents, its lowest settlement since April 15. September ranged between 178.00 and 160.00. Spot July fell 14.50 cents, to 182.50 cents, while the outer months lost 0.75 to 4.20 cents. The July/September switch widened to 20.80 cents compared with 19.95 cents at the close on Tuesday, but the September/December switch came under pressure, shrinking to 13.20 cents from 17.50 cents. Traders and analysts said a combination of factors emerged today to quell supply concerns including an increase in exchange-certified stocks, continued mild weather in top-grower Brazil and a reaffirmation by the USDA of a 28 million bag 1997/98 Brazil coffee crop. "There's been a build in cert stocks, there's no freeze threat and there's just a general lack of demand," said Dean Witter analyst Steve Platt. "Once it started to get through support, it just fell apart." CSCE reported after Thursday's close that certified coffee inventories rose for the fifth day in a row, increasing by 4,321 60-kg bags as of July 9, to 66,115 bags. An additional 31,959 bags were pending exchange approval, CSCE said. In Brazil, local meteorologists Somar said on Thursday that the country's coffee regions faced no risk of frost over the coming days. Any polar air masses continued to remain blocked in the far south of the country, with a forecast over the next two days of sun and stable temperatures in coffee areas. "There is still about three more weeks (of the Brazilian frost season)," said Refco's Prendergast. "But after July there is less of a chance of frost and the chances diminish weekly as the season progresses." Additionally, some traders claimed the USDA's confirmation of its 1997/98 Brazil crop estimate was the major impetus for the sell-off. Arabica futures had racked up strong gains in the previous two sessions following the public release on Tuesday of a U.S. agricultural attache's production estimate for Brazil. The attache report, dated May 9, put Brazil's 1997/98 harvest at 24 million 60-kg bags, down sharply from the USDA's official Brazil estimate of 28 million bags published in its 1997/98 world coffee production report in June. But after Wednesday's close the USDA said it had confidence in its 28-million bag 1997/98 Brazil forecast, and that a lower estimate by a U.S. agricultural attache did not take into account all factors influencing the crop -- including the attache reports, weather, statistical trends and trees planted. "The attache report sparked doubts about the size of Brazil's crop," said Dean Witter's Platt. "But attache reports are notoriously inaccurate. About 5 percent of their time might be spent on crop forecasting -- it's not the major part of their job." Traders said today's sell-off was exaccerbated by technical factors, with downward momentum taking off after September arabicas fell through chart support at 175.00 cents and triggered a series of sell-stops. Chartists said September's close toward the bottom of the day's range was technically bearish. The active contract faced support at 155.00 and then 150.00 cents, they said. "It's a bear market and I think September will grind down to 150.00, where it may find support," said Allendale analyst Jim Cordier. "It wants to fall and if you give it any excuse it will. "Supplies may still be relatively tight, but who needs to buy it?" he added. ""Nobody needs any coffee, they already bought what they needed." Turnover reached an estimated 9,540 lots. 111044 MET jul 97