CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 28. srpnja 1997. Differentials /spot/ ZADNJA Santos 4's 12 cts under "C" 176.35 N Colombian MAMs 23 cts over "C" 211.35 N El Salvador 11 cts over "C" 199.35 N Mexican even to "C" 188.35 N Guatemala 13 cts over "C" 201.35 N Peru 16 cts over "C" 204.35 N Uganda Pmy Robs 8 cts over London 81.26 N Indonesia EK1 4 cts under London 69.26 N Ecuador Ext Sup 18 cts under "C" 170.35 N NEW YORK - KAVA cijene pri zatvaranju burze 28. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE SEP7 188.00 178.00 189.50 178.00 187.50 188.35 1 DEC7 164.00 158.00 165.50 158.00 164.00 164.40 1 MAR8 150.50 145.50 150.50 145.50 150.50 150.50 1 MAY8 145.00 140.50 145.00 142.50 145.00 145.00 1 JUL8 138.00 135.00 138.00 137.50 138.00 138.25 1 SEP8 130.00 130.00 131.50 1 DEC8 125.00 128.00 130.00 1 MAR9 CSCE coffee soars, September ends near 6-week high NEW YORK, July 28 (Reuter) - CSCE coffee futures ran up to near six-week highs Thursday, on speculative and trade buying amid concerns of a shortage of exchange-certified coffee for delivery against the September contract. "There is renewed talk of tightness in September," said Merrill Lynch analyst Judith Ganes. "(September) open interest is high, stocks are low and there's not much coffee coming in to offset it." Benchmark September arabicas surged 12.05 cents per lb -- or nearly seven percent -- on the day, to 188.35 cents, its highest settlement since June 17, after ranging from 189.50 to 178.00. Second-month December ended 7.15 cents higher, at 164.40 cents, while the back months closed up 1.00 to 6.00. The September/December switch, a barometer of near-term availability, bulged to 23.95 cents compared with 19.05 cents at the close on Friday. Coffee futures rose at the outset, gapping up more than 1.00 cent, boosted by light local and speculative buying, traders said. Upward momentum accelerated late in the session after September breached key resistance at 184.50 cents, a double top on the charts, and triggered buy-stops near 185.00 cents, dealers said. They said a lack of selling -- especially by many origin who are believed to be well sold ahead of the new-crop harvest in the autumn -- and light turnover exaggerated the upswing. "There's a lack of sellers and no volume," said one trader. "Buyers got things going once it went through resistance." Although no fresh fundemental developments were behind today's rally, traders said near-term supply tightness -- particularly of quality, exchange-certifiable arabica beans -- underpinned sentiment. Recent market discussion has centered on exchange certified coffee stocks, much of which was stopped by a large trade house for delivery against the expired July contract. With little certifiable coffee expected to make its way to the exchange ahead of the autumn harvest of many new-crop Latin American coffees, many market participants said a drawdown of certified stocks going into September delivery period was to be expected. "September is the most squeezable month because its delivery is ahead of the Colombian main crop and there's nothing out of Central America," said one dealer. "Everyone needs coffee and there're no milds around." Additionally, traders noted that more than half of coffee recently graded failed to pass CSCE approval and there has been talk that some members of the trade were unhappy with the quality of some of certified coffee stocks from Africa. "You look at the grading and only a small percentage was approved," said a trader. "It shows there just isn't a lot of good quality coffee around." After Monday's close the CSCE reported certified coffee stocks fell by 750 60-kg bags as of July 25, to 92,078 bags -- or the equivalent of about 328 lots. An additional 2,367 bags were pending grading, the exchange said. Meanwhile, open interest in September, which goes into delivery period on August 21, stood at 11,512 lots as of Friday. Technically, traders said September resistance was seen near 194.00 cents, followed by $2. On the downside, nearby support was seen near 185.00-184.50 cents. Volume on the day reached an estimated 6,146 lots. 291031 MET jul 97