CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 19. studenoga 1997. Differentials /spot/ ZADNJA Santos 4's 5 cts under "C" 160.95 N Colombian MAMs 16 cts over "C" 181.95 N El Salvador 7 cts over "C" 172.95 N Mexican 5 cts under "C" 160.95 N Guatemala 7 cts over "C" 172.95 N Peru 5 cts over "C" 170.95 N Uganda Pmy Robs 7 cts over London 81.07 N Indonesia EK1 2 cts under London 72.07 N Ecuador Ext Sup 18 cts under "C" 147.95 N NEW YORK - KAVA cijene pri zatvaranju burze 19. studenoga 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 165.75 163.50 167.50 163.50 165.50 165.95 1 MAR8 157.25 155.00 158.75 154.50 157.00 157.45 1 MAY8 152.00 150.00 153.00 150.00 152.00 152.00 1 JUL8 147.25 145.50 147.25 145.00 146.25 146.50 1 SEP8 142.25 141.00 142.25 141.00 142.25 142.25 1 DEC8 138.50 136.00 138.50 138.00 137.50 138.25 1 MAR9 135.00 133.00 135.00 135.00 135.50 135.75 1 MAY9 CSCE coffee ends up,tight supply concern continues NEW YORK, Nov 19 (Reuters) - CSCE coffee futures rose moderately on Wednesday, with spot December settling near a one-month high as speculators continued to buy on improving technicals and lingering concerns about tight prompt supply, dealers said. "Technically, the market looks better and is performing well," said one trader. "Specs still want to move the market up." December rose 1.00 cent to 165.95 cents, its highest close since October 15, after ranging from 167.50 to 163.50. Most-active March climbed 1.40 cents a lb to finish near a two-month high of 157.45, after posting trades from 158.75 to 154.50. The back months gained 0.30 to 1.35 cents. The December/March switch narrowed to 8.50 cents compared with 8.90 cents at the close on Tuesday. Arabica prices came under pressure at the opening as locals sold after the London market failed to make a sharply higher due and relinquished most of its early gains, traders said. But scale-down commercial buying prevented further losses and prompted the ring to cover their short positions, they said. Traders said an improved technical picture following Tuesday's run-up and low levels of exchange-certified stocks combined to underpin sentiment. CSCE reported after Wednesday's close that certified coffee stocks fell by 30 60-kg bags as of November 18, to 13,144 bags -- or the equivalent of about 53 lots. There were 550 bags of coffee pending grading in New Orleans, the exchange said. "I think the market is focused a bit more on stocks," said Smith Barney analyst Walt Spilka. "Thirteen thousand bags is hardly any coffee and the new-crop has been slow coming to market." Spilka said heavy rains this fall in Mexico and parts of Central America have caused some delays in bringing the newly harvested 1997/98 crop to the U.S., where roastings have picked up to meet demand during the peak winter consumption season. But Spilka warned the rally could be short-lived as the flow of coffee exports to the U.S. increases in the next couple of weeks. "By early December we're likely to see more and more coffee showing up," he said. "We've had some delays, but I don't think there's an overly bullish tight situation in arabica coffee." Technically, traders said March resistance was seen near 159-160 cents, followed by 163.50 cents. Support was pegged near today's low of 154.50 cents and then 152-150 cents, with a major downside hurdle seen at Tuesday's low of 147.25 cents. On the fundamental side, the commerical manager of Colombia's National Coffee Growers' Federation, John Naranjo, said Wednesday that the country's 1997/98 coffee harvest is seen coming in around 11.5 million to 12.0 million 60-kg bags, Naranjo said Colombian coffee production ended the '96-97 cycle at 10.8 million bags after a poor first-half (October-March) crop and a good second-half (April-September) cycle. Turnover reached an estimated 8,370 lots. 201145 MET nov 97