CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 19. rujna 1997. Differentials /spot/ ZADNJA Santos 4's 10 cts under "C" 164.15 N Colombian MAMs 23 cts over "C" 197.15 N El Salvador 11 cts over "C" 185.15 N Mexican 5 cts over "C" 179.15 N Guatemala 11 cts over "C" 185.15 N Peru 15 cts over "C" 189.15 N Uganda Pmy Robs 8 cts over London 77.67 N Indonesia EK1 4 cts under London 65.67 N Ecuador Ext Sup 18 cts under "C" 156.15 N NEW YORK - KAVA cijene pri zatvaranju burze 19. rujna 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 174.25 171.00 177.50 166.75 173.90 174.15 1 MAR8 161.50 158.50 163.50 155.00 161.50 161.50 1 MAY8 155.00 151.50 155.25 150.00 155.40 155.50 1 JUL8 146.50 145.00 146.50 144.00 149.50 149.65 1 SEP8 141.00 138.00 142.00 139.00 143.40 143.45 1 DEC8 137.00 132.00 137.00 132.50 137.00 137.15 1 MAR9 MAY9 CSCE coffee ends up sharply, El Nino fears persist NEW YORK, Sept 19 (Reuter) - CSCE coffee futures closed higher on Friday, boosted by speculative buying amid ongoing concerns an El Nino weather pattern could hurt world coffee crops, market sources said. December arabicas rose 4.50 cents per lb on the day, to 174.15 cents, after ranging from 177.50 to 166.75 cents. Second-month March ended 5.20 cents higher, at 161.50 cents, while the forward contracts finished up 5.50 to 5.95 cents. The December/March switch narrowed to 12.65 cents compared with 13.35 cents at the close on Thursday. Arabica futures rose at the opening on local buying, but upward momentum faded and the ring got out of their long positions. December lost more than 3.00 cents, but failed to get through Thursday's low of 166.50 cents, prompting a bout of short-covering. Traders said the reversal was helped by suggestions that the coffee crop in Colombia could be devastated if a prolonged El Nino-linked drought continued in the months ahead. In remarks to a local radio station on Friday, Diego Arango Mora, a member of the policy-making National Coffee Growers' Committee from central Quindio province, said the real problem is that forecasters see the El Nino weather system holding through the first half of next year during the key December-January flowering period. "If that's what happens, we're going to lose the crop in the first half (of 1998) completely," Arango said. But private U.S. forecaster Weather Services Corp said on Friday El Nino would probably have only minor effect on Colombia's coffee belt. "There may be some effects in the fringes of the coffee belt, but no big impact in major areas in terms of El Nino," said WSC meterologist Joel Burgio. Nevertheless, Allendale Commodities analyst James Cordier said any talk of El Nino was likely spark speculative buying. "Technically, the charts look really bullish and fueled by El Nino, that's all the speculators need," said Cordier. "I've been bearish for a long time, but I'm turning bullish," he added. "I think there's a chance to see December coffee over $2." Worries that recent hot, dry weather in top-producer Brazil -- which some forecasters have linked to El Niqo -- could continue going into the crucial flowering period for the 1998/99 coffee crop has also underpinned sentiment. In the past, El Nino -- an warming of water temperatures in the Pacific Ocean off the coast of South America -- has disrupted weather patterns and caused damage to crops worldwide. On the charts, traders said December faced initial resistance at 178.00 cents, followed by 180.00 cents. Support was seen at 171.50-170.00 cents. Next week, attention will focus on the Association of Coffee Producing Countries (ACPC) meeting in London, where members are expected to mete out export quotas for 1997/98 (July/June). Turnover on Friday reached an estimated 7,664 lots. 221015 MET sep 97