CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 15. prosinca 1997. Differentials /spot/ ZADNJA Santos 4's 3 cts under "C" 185.40 N Colombian MAMs 16 cts over "C" 204.40 N El Salvador 7 cts over "C" 195.40 N Mexican 2 cts under "C" 186.40 N Guatemala 7 cts over "C" 195.40 N Peru 5 cts over "C" 193.40 N Uganda Pmy Robs 10 cts over London 92.55 N Indonesia EK1 2 cts over London 80.55 N Ecuador Ext Sup 18 cts under "C" 170.40 N NEW YORK - KAVA cijene pri zatvaranju burze 15. prosinca 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 188.00 186.00 188.00 186.00 188.00 188.40 1 MAR8 185.00 186.00 187.25 182.50 185.00 185.45 1 MAY8 179.00 180.00 180.75 177.00 179.00 179.30 1 JUL8 172.50 173.75 174.00 169.50 172.25 172.30 1 SEP8 163.50 166.00 166.00 160.00 163.50 164.00 1 DEC8 157.00 156.00 157.50 155.00 157.00 157.50 1 MAR9 153.00 153.00 154.00 153.00 153.50 154.00 1 MAY9 147.00 151.00 151.50 1 CSCE coffee rises sharply after Mexican cold snap NEW YORK, Dec 15 (Reuters) - CSCE coffee futures rallied on Monday, bolstered by speculative buying amid concerns cold weather in Mexico over the weekend harmed coffee trees in the northern portion of the country's coffee belt, market sources said. "This market is ultra-sensitive to any weather problems because world stocks are so tight," said Allendale Commodities analyst Jim Cordier. "Now we're hearing there could be some damage to trees in Mexico which could hamper next year's production and we just don't need that right now." March arabicas rose 5.55 cents per lb on the day, to 185.45 cents, after ranging between 187.25 and 182.50 cents. Spot December closed 5.40 cents higher at 188.40 cents, while the rest of the board finished up 1.50 to 5.45 cents. The March/May switch widened to 6.15 cents from 6.05 cents at the close on Friday, while nearby December/March shrunk to 2.95 cents compared with 3.10 cents. Arabica prices gapped higher at the opening -- surpassing their up 2.00 to 3.00 cents due -- as news of the cold weather in Mexico propelled March arabicas up more than 7.00 cents. Smith Barney meteorologist Jon Davis said in his daily weather update on Monday that the cold air pushed from the northern to central portions of Mexico over the weekend but did not penetrate into southern regions of Mexico or Central America. "As for the coffee belt, the only area which had temps drop to levels which would be any kind of concern was the far northern fringe of the belt -- northern and western sections of Veracruz," said Davis. "Veracruz accounts for nearly one-quarter of Mexico's coffee production but cold temps were only concentrated across a small portion of that state." He added, "The bottom line is that only five percent of total coffee acreage in Mexico had cold temps over the weekend and readings in this area were only marginal from a frost/freeze perspective." However, coffee growers from the state of Puebla on Monday reported frost damage to beans in the Sierra Norte mountains. Producers in the Xicotepec region of the Sierra Norte de Puebla told Reuters there was a second night of sub-zero temperatures Sunday into Monday and coffee plantations had suffered damage -- still unquantifiable at this early stage. Puebla, Mexico's third largest coffee growing state, produced 809,930 60-kg bags of coffee in 1996/97 according to the Mexican Coffee Council. Mexico's total coffee output, estimated by the government to reach 5.8 million 60-kg bags for the 1997/98 season, has already been revised down by growers because of hurricane damage in Oaxaca and Chiapas earlier this year. Additionally, traders and analysts said an anticipated drawdown in this afternoon's monthly Green Coffee Association of New York stock report for November and a consumption report from UK trade house E.D.&F. Man also gave the market a boost. "The rally reflects more than just the Mexican problem," said Merrill Lynch analyst Judith Ganes. "It really doesn't affect this year's output and who cares what Mexico loses next year when Brazil is expected to produce anywhere from 35 million to 42 million bags next year." "It's more to do with expectations of a decrease in GCA stocks and the E.D.&F. Man report," Ganes said. Most industry participants had expected the GCA stock level to show a decrease during November in U.S. consumer coffee stocks of some 300,000 to 400,000 60-kg bags. The figure came in, after the close, at 396,000 bags. In October, U.S. inventories fell by 283,000 bags to 2,011,000 bags, GCA reported. E D & F Man said in a report released Monday that world coffee consumption could exceed 80 million bags if the strong pace of imports in the first half of the year is maintained in the current half. Imports reached 42.7 million bags in January to June this year, it said. In 1996, the world consumed 77.1 million bags, up from 71.3 million a year earlier. "This increase is frankly too good to be true in a period when U.S. retail roast prices increased by 34 percent and German retail roast prices by 17 percent," Man said. Technically, traders said the active March contract faced nearby resistance at last week's peak of 188.50 cents per lb. Support was seen towards 182-183 cents. Turnover reached an estimated 6,525 lots. 161144 MET dec 97