CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 06. listopada 1997. Differentials /spot/ ZADNJA Santos 4's 8 cts under "C" 161.95 N Colombian MAMs 21 cts over "C" 190.95 N El Salvador 11 cts over "C" 180.95 N Mexican 4 cts over "C" 173.95 N Guatemala 11 cts over "C" 180.95 N Peru 9 cts over "C" 178.95 N Uganda Pmy Robs 8 cts over London 83.25 N Indonesia EK1 3 cts under London 72.25 N Ecuador Ext Sup 18 cts under "C" 151.95 N NEW YORK - KAVA cijene pri zatvaranju burze 06. listopada 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 170.00 163.30 171.50 163.00 169.60 169.95 1 MAR8 156.00 151.00 156.00 151.00 155.75 155.95 1 MAY8 150.00 147.00 150.00 146.25 149.75 150.00 1 JUL8 142.50 141.50 142.50 141.50 144.25 144.50 1 SEP8 138.00 136.00 138.00 138.00 138.75 139.00 1 DEC8 131.00 133.75 134.00 1 MAR9 128.00 133.75 134.00 1 MAY9 CSCE coffee ends up, December jumps to 2-week high NEW YORK, Oct 6 (Reuter) - CSCE coffee futures rose sharply on Monday, bolstered by technically-driven speculative short-covering amid talk of a further decline in CSCE inventories, traders said. December arabicas jumped 8.00 cents per lb on the day, to a two-week high of 161.95 cents, after ranging between 171.50 and 163.00 cents. Second-month March rose 5.45 cents to 155.95 cents, while the forward months ended 3.60 to 4.25 cents higher. Arabica futures headed higher from the outset on Monday, but spent much of the morning trapped in a tight range between technical parameters. Dealers said recent steady buying interest by the trade and roasters has kept December from testing chart support at 160.00 cents, prompting locals and commission houses to cover their short positions. Upward momentum accelerated after December broke through resistance near 165.00 cents, triggering buy-stops, they said. "It held the 160 mark and technicians switched their forecasts from falling off to a correction to the down move," said one trader. "It broke 165 and there were stops. There was decent short-covering, but some outright buying too." Traders said the recent drop in CSCE certified stockpiles and rumors of a further reduction in the coming weeks swirling around the market on Monday helped to fuel bullish sentiment. In the last nine consecutive business days, CSCE has reported a 28 percent decline in certified coffee stocks from 107,325 60-kg bags as of September 19 to 77,448 bags as of October 2. "I think today's rally was a reflection of the stocks," said Smith Barney analyst Walter Spilka. "It was a tiny amount to begin with and a tiny amount reduced, but it was viewed as positive. "I think there's a general feeling that at some point the market would rally before the harvest and the onslaught of new-crop coffee due to uncertainty about weather, production and stocks," he added. The reduction in exchange-certified stocks also bolstered the December/March spread, which stretched to 14.00 cents compared with 11.25 cents at the close on Friday. After Monday's close, the CSCE reported certified coffee stocks fell by another 6,102 60-kg bags as of October 3, to 71,346 bags. There was no coffee pending grading, the exchange said. Some sources in the trade said an upswing based on the exchange's stock decline was likely to be short-lived, as an increased flow of new-crop coffees from Mexico and Central America would probably increase exchange inventories in the coming weeks. "In two or three weeks time there will be heavy crossings from Mexico," said one dealer. "Once we get into November I would not be surprised to see stocks up above 100,000." Traders said the market also received a boost from worries Tropical Storm Pauline could bring heavy rains and crop-damaging wind to Mexico. "A lot of today was cert stock stuff," said another trader. "And the other part was Pauline." Weather Services Corp meterologist Mike Palmerino said on Monday that Pauline was centered some 480 miles southeast of Acapulco and currently moving east. Palmerino said the storm was expected to turn northward in the next 24 hours and projected to make landfall sometime early Thursday on the Pacific coast of Chiapas, a major coffee-producing state in Mexico. "If the storm brings lots of rain and winds with the cherries mature, they will fall," said another trader. WSC's Palmerino said Pauline would probably hit the west coast of Chiapas with winds of some 75 miles per hour, but he noted most of the coffee was grown in the interior of the state and the winds generally dissipate once they hit land. Technically, some traders were encouraged by today's rally and said December was likely to test resistance at 172.50 cents. The next upside hurdle was seen at 174.50-175.00 cents, they said. Support in December was pegged near 165.00 cents. Turnover on Monday was moderate at an estimated 6,999 lots. 071042 MET oct 97