CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 17. prosinca 1997. Differentials /spot/ ZADNJA Santos 4's 3 cts under "C" 161.25 N Colombian MAMs 16 cts over "C" 180.25 N El Salvador 7 cts over "C" 171.25 N Mexican 2 cts under "C" 162.25 N Guatemala 7 cts over "C" 171.25 N Peru 5 cts over "C" 169.25 N Uganda Pmy Robs 10 cts over London 85.25 N Indonesia EK1 2 cts over London 77.25 N Ecuador Ext Sup 18 cts under "C" 146.25 N NEW YORK - KAVA cijene pri zatvaranju burze 17. prosinca 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 164.75 161.50 168.00 161.50 163.75 164.25 1 MAR8 160.50 164.00 167.25 160.50 160.50 160.85 1 MAY8 155.50 158.50 162.00 155.50 155.50 155.70 1 JUL8 150.50 152.60 155.50 150.50 150.00 150.05 1 SEP8 146.25 146.00 147.50 144.25 143.80 143.90 1 DEC8 140.00 141.20 143.00 140.00 139.80 139.90 1 MAR9 138.00 135.00 138.00 138.00 136.80 136.90 1 MAY9 132.00 135.80 135.90 1 CSCE coffee ends down, March sinks to 3-week low NEW YORK, Dec 17 (Reuters) - CSCE coffee futures fell sharply on Wednesday, as a late rush of speculative selling drove prices toward the bottom of the day's range, traders said. They said today's downturn appeared to be a continuation of Tuesday's steep sell-off in which prices fell some 10 percent. "It's just more of the same," said Merrill Lynch analyst Judith Ganes. "There was nothing news-wise, it was more technical disappointment." Benchmark March arabicas fell 6.25 cents per lb, to 160.85 cents, its lowest close since November 26, after ranging between 167.25 and 160.50 cents. Spot December, which went off the board today, closed 3.75 cents lower at 164.25 cents, while the rest of the board lost 1.80 to 6.00 cents. The March/May switch narrowed to 5.15 cents from 5.40 cents at the close on Tuesday, while nearby December/March finished at 3.40 cents compared with 0.90 cent. Arabica prices headed lower from the outset, as Tuesday's poor finish in New York and London's weak showing on Wednesday spurred follow-through selling, traders said. Some traders said a relatively modest decline in total open interest on Tuesday weighed on sentiment today. Total open interest as of December 16 fell by 997 lots, to 30,644 lots. "The open interest was the writing on the wall," said a trader. "It was only down 1,000, so there's still plenty of longs which leaves the appearance the market's vunerable to further liquidation." After having gained nearly 50 cents since the beginning of November, the CSCE March contract has fallen 24.60 cents in the last two sessions on bradbased liquidation -- and some industry participants said the market may have seen a top for now. "After a day like yesterday, if the market doesn't bounce it is probably a sign people are throwing in the towel and realizing it's not going higher for awhile," said Smith Barney analyst Walt Spilka. "Stocks at the exchange are increasing," he added, "and the Brazil crop is looming in the background. There's really no good news here in the near-term." Santos-based export firm Icatu/Sumatra said Wednesday Brazil's coming 1998/99 coffee crop is expected to produce at least 35 million 60-kg bags, sharply higher than the 22 million estimated for 1997/98. Early estimates for the coming Brazilian harvest have ranged between 30 million and 42 million bags. After Wednesday's close, CSCE reported certified coffee stocks rose for the ninth day in a row. Stocks increased by 10,250 60-kg bags as of December 16, to 70,270 bags. There were an additional 32,000 bags of coffee pending grading, the exchange said. CSCE also reported 16,550 bags of coffee were graded and 9,500 bags passed exchange approval. While some traders noted today's finish near session lows could lead to continued selling on Thursday, others said the market may be due for technical bounce. Nearby support was seen towards 160 cents, while resistance was pegged at 164-165 cents, followed by today's high of 167.25 cents. Turnover reached an estimated 8,885 lots. 181101 MET dec 97