CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 09. listopada 1997.
Differentials /spot/ ZADNJA
Santos 4's 8 cts under "C" 155.75 N
Colombian MAMs 17 cts over "C" 180.75 N
El Salvador 9 cts over "C" 172.75 N
Mexican 4 cts over "C" 167.75 N
Guatemala 9 cts over "C" 172.75 N
Peru 7 cts over "C" 170.75 N
Uganda Pmy Robs 7 cts over London 80.71 N
Indonesia EK1 3 cts under London 70.71 N
Ecuador Ext Sup 18 cts under "C" 145.75 N
NEW YORK - KAVA cijene pri zatvaranju burze 09. listopada 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC7 163.75 168.00 168.85 161.30 163.25 163.75 1
MAR8 149.50 153.50 154.25 148.00 149.10 149.25 1
MAY8 144.25 148.00 148.75 143.00 144.00 144.25 1
JUL8 139.00 143.25 143.75 138.00 139.00 139.25 1
SEP8 134.00 138.00 138.50 133.00 134.00 134.25 1
DEC8 130.50 133.50 135.00 130.50 130.50 130.50 1
MAR9 130.00 130.00 130.50 1
MAY9
CSCE coffee ends lower, traders brush off Pauline
NEW YORK, Oct 9 (Reuter) - CSCE coffee futures ended lower
on Thursday, pressured by speculative and options-related
selling despite reports of possible crop damage and harvesting
delays in Mexico caused by Hurricane Pauline, traders said.
"I thought there were plenty of reason for this thing to go
up," said one trader. "But it's not a bullish market anymore,
it's a bear market and it ignores any bullish news."
Instead, traders said much of the day's activity was
technically driven, with the benchmark December contract
breaching chart support at 165.00 cents per lb and triggering
light sell-stops.
December arabicas fell 3.25 cents on the day, to 163.75
cents, after ranging from 168.85 to 161.30 cents. Second-month
March closed 2.65 cents lower at 149.25 cents, while the forward
months ended down 1.25 to 2.75 cents.
The December/March switch narrowed to 14.50 cents compared
with 15.10 cents at the close on Wednesday.
Coffee prices headed higher at the opening on Thursday,
helped by news Hurricane Pauline made landfall late Wednesday on
the southern Pacific coast of Mexico bringing heavy rains to
some coffee-growing areas.
A coffee-producing region of Mexico's southern state of
Oaxaca was hit directly by Hurricane Pauline, state governor
Diadoro Carrasco said on Thursday.
Alfredo Moises Ceja, head of the Mexican Coffee Producer
Association, said before Pauline touched land on Wednesday that
eight days of rains in Chiapas and Oaxaca states had ruined
400,000 60-kg bags.
Chiapas accounts for about a third of the Mexican crop.
Oaxaca produces nearly 15 percent of the crop.
In Guatemala, trade officials said 200,000 bags of coffee
had been lost to the heavy rains.
Despite reports of crop loss, traders said early modest
gains were quickly stifled by a round of local and commission
house selling after the December contract failed to test
resistance at 170 cents.
They also said the hurricane had been priced in the market
on Wednesday.
"The market was up 4.00 cents yesterday on the hurricane so
it may have been discounted," said Smith Barney analyst Walter
Spilka. "For prices to go higher there has to be real evidence
there is less of a commodity."
"Given the way the market's acting -- sideways to lower --
you can tell we're getting closer and closer to new supply," he
added.
Market participants also brushed aside other potentially
friendly news, Spilka noted.
In Colombia, traffic in and out of the port of Buenaventura
was paralyzed Thursday morning after leftist rebels dynamited
the main highway that leads from the Pacific coast to the
southwest city of Cali, port authorities said.
Buenaventura handles 60 percent of Colombia's key coffee
exports and all its sugar exports.
Colombia -- the world's second-largest coffee producer --
typically begins shipping newly havested coffee in the second
half of October.
Additionally, some traders had expected the continued
decline of exchange-certified stocks to underpin prices.
After Thursday's close, the CSCE reported certified coffee
stocks fell for the 13th day in a row. Stocks dropped by 8,151
60-kg bags as of October 6, to 48,135 bags. There was no coffee
pending grading, the exchange said.
But some traders said roasters continued restraint in buying
coffee, combined with lackluster demand and the onset of the
harvest, was likely to feed bearish sentiment.
"The roasters are long coffee," said one trader. "Overall
demand for coffee is not that great -- the weather (in the U.S.)
has been too nice -- and exporters are offering coffee."
Technically, traders continued to peg support at 160 cents,
while resistance was seen around 168 and 170 cents.
Turnover was unimpressive, at an estimated 5,337 lots.
101128 MET oct 97
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Milić: Premijer Plenković će danas razriješiti Dabru
Prekid vatre daje nadu stanovnicima Gaze
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Hrvatska obilježava Dan mimoza i Europski tjedan prevencije raka vrata maternice