CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 05. rujna 1997. Differentials /spot/ ZADNJA Santos 4's 12 cts under "C" 196.90 N Colombian MAMs 23 cts over "C" 231.90 N El Salvador 11 cts over "C" 219.90 N Mexican 1 ct over "C" 209.90 N Guatemala 11 cts over "C" 219.90 N Peru 9 cts over "C" 217.90 N Uganda Pmy Robs 8 cts over London 83.30 N Indonesia EK1 4 cts under London 71.30 N Ecuador Ext Sup 18 cts under "C" 190.90 N NEW YORK - KAVA cijene pri zatvaranju burze 05. rujna 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE SEP7 210.00 210.00 212.00 207.50 207.80 208.90 2 DEC7 188.10 193.00 194.80 187.60 188.10 188.85 1 MAR8 170.75 175.00 175.50 170.50 170.75 170.95 1 MAY8 166.00 169.00 169.00 166.00 164.50 164.75 1 JUL8 159.00 162.50 162.00 159.00 159.00 159.00 1 SEP8 156.00 152.50 153.00 1 DEC8 147.00 150.25 150.00 147.00 146.50 147.00 1 MAR9 CSCE coffee ends lower in a technical correction NEW YORK, Sept 5 (Reuter) - CSCE coffee futures ended lower on Friday after eight straight sessions of gains, as speculators took profits ahead of the weekend, traders said. Dealers said today's activity was viewed as a technical correction. Since August 22, the benchmark December contract had risen by 35.65 cents per lb -- or about 22 percent -- to a three-month peak on Thursday of 196.00 cents. "I think the market was overbought and there was some profit-taking going into the weekend," said Allendale analyst Jim Cordier. "Technical indicators show this rally may have run its course and if it is lower again on Monday, it may signal a top of sorts." December arabicas fell 6.15 cents on Friday, to 188.85 cents, after ranging between 194.80 and 187.60 cents. Spot September, which expires in less than two weeks, slipped 1.60 cents, to 208.90 cents, while the forward contracts closed down 4.00 to 5.00 cents. The September/December switch bulged to 20.05 cents compared with 15.50 cents at the close on Thursday, while December/March 1998 shrunk to 17.90 cents versus 19.80 cents the previous session. Coffee prices headed lower from the opening bell on Friday, but came in well short of down 4.00 to 6.00 cents pre-opening expectations based on London's failure to make its $150 lower due. Traders said light commission house and trade buying of the spot September contract early in the session initially helped support the rest of the board, but persistent selling by speculators eventually took its toll. They said the recent rise in total open interest may have indicated speculators had increased their presence on the long side of the market. Open interest, which had recently sunk below 18,000 lots -- the lowest level since 1988, rose by 743 lots as of September 4, to 21,897 lots. "The specs did a lot of loading up the last few days and after eight days up, it is no surprise we backed off," said one trader. On the charts, traders said December faced strong support at a gap between 181.00 and 180.00 cents. On the upside, resistance was seen at 195.00-196.00 cents. While some traders said a combination of low inventory levels, continued uncertainty about the impact of an El Nino weather pattern and fears a scheduled strike at Brazil's key port of Santos could delay coffee shipments underpinned coffee prices, other traders said the market's fundamental picture did not warrent $2 coffee. "I don't think the fundamentals will hold this market up," said Allendale's Cordier. "There's about 20 cents of air underneath. "If the (Santos) strike does not take place September 9, I think September will back off to 190.00 -- 210.00 is still on the high side." On the fundamental front, the International Coffee Organization (ICO) said producing members' exports reached 81.07 million 60-kg bags in the 12 months to July 1997, up from 62.76 million in the same 1996 period. But in July alone, exports fell to 5.11 million bags from 5.87 million in June. Exports in July 1996 totalled 6.77 million bags. In the first 10 months of the current 1996/97 (Oct/Sept) year to July, total exports were up at 69.32 million bags from 62.76 million in the same period in 1995/96. Volume on Friday was fairly light, at an estimated 6,504 lots. In the options pit, traders said today's October options expiry was relatively uneventful. An estimated 4,663 lots of calls and 1,942 puts changed hands on the day. After Friday's close, the CSCE reported certified coffee stocks were unchanged as of September 4, at 94,638 bags. An additional 13,289 bags of coffee were pending grading, the exchange said. CSCE also reported 2,465 bags were graded, but only 540 bags passed exchange approval. 081230 MET sep 97