CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 10. listopada 1997.
Differentials /spot/ ZADNJA
Santos 4's 8 cts under "C" 158.10 N
Colombian MAMs 17 cts over "C" 183.10 N
El Salvador 9 cts over "C" 175.10 N
Mexican 4 cts over "C" 170.10 N
Guatemala 9 cts over "C" 175.10 N
Peru 7 cts over "C" 173.10 N
Uganda Pmy Robs 7 cts over London 79.98 N
Indonesia EK1 3 cts under London 69.98 N
Ecuador Ext Sup 18 cts under "C" 148.10 N
NEW YORK - KAVA cijene pri zatvaranju burze 10. listopada 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC7 166.25 164.00 167.00 162.75 165.75 166.10 1
MAR8 151.00 150.00 151.00 149.00 150.75 151.00 1
MAY8 145.75 144.75 146.00 144.50 145.50 145.75 1
JUL8 139.50 139.50 139.50 139.50 140.50 140.75 1
SEP8 135.00 134.00 135.00 134.50 135.50 135.75 1
DEC8 132.00 131.00 132.00 131.00 131.00 131.50 1
MAR9 128.00 132.00 132.50 1
MAY9
CSCE coffee ends thinly traded session higher
NEW YORK, Oct 10 (Reuter) - CSCE coffee futures ended higher
in exceedingly light pre-weekend trading on Friday, bolstered by
speculative buying, traders said.
Benchmark December arabicas rose 2.35 cents on the day, to
166.10 cents, after ranging from 167.00 to 162.75 cents.
Second-month March closed 1.75 cents higher at 151.00 cents,
while the forward months ended up 1.00 to 2.00 cents.
The December/March switch widened to 15.10 cents compared
with 14.50 cents at the close on Thursday.
Some traders said reports of possible crop damage and
harvesting delays in Mexico caused by Hurricane Pauline,
combined with a continued decline in CSCE certified stocks,
helped to boost sentiment.
"You really can't tell yet how many beans fell off the
trees," said one trader, commenting on Pauline's impact on
Mexican production. "But the storm will at least delay the crop
by a couple of weeks."
Mexico is the world's fourth largest producer of coffee and
a major exporter of coffee to the U.S.
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.
But some trade houses with operations in the area are
reporting damage to the crop has been "minimal," dealers said.
"We estimated damage at less than 50,000 bags," said one
broker with a large trade house, which has operations in Mexico.
"They have had steady rains in Chiapas, not torrential rainfall
or winds."
Some traders, however, said the true amount of damage was
probably somewhere in between producer and trade house
estimates.
"I don't buy that it destroyed a lot of coffee," said a
trader. "But I look at the images on the television and I don't
think it is minimal damage either."
Meanwhile, the CSCE reported after the close on Thursday
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.
In other news, Brazil said on Friday any conclusions on the
size of its 1998/99 coffee crop were premature.
A statement issued by the Brazilian embassy did not directly
mention a forecast by London-based coffee analyst that the crop
would reach 35 million bags, but analyst Kerry Muir told a
London conference earlier this week that Brazil would have a
bumper 1998 coffee crop.
"I would be somewhat surprised if the Brazilian crop is less
than 35 million bags next year (1998/99)..." he said.
In the statement, Brazilian ambassador Rubens Barbosa said
that climatic factors might yet hamper flowering and induce
coffee berry fall in the first half of 1998.
Traders said it was still too early to make much of any
assessment of the 1998/98 Brazil coffee crop, but noted early
flowering suggested a large harvest.
"It's early but it is going to be a huge crop if everything
goes as normal," said one Rio de Janeiro-based trader. "It's
been raining all the time here in Brazil and the flowering has
been great."
Technically, December resistance was seen near 167.50 cents.
Support was pegged at 161.50 cents.
Turnover was meager, at an estimated 3,168 lots, traders
said.
131019 MET oct 97
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