CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE NA BURZI U NEW YORK-U NEW YORK KAVA FIZIČKI SPOTOVI - 13. kolovoza 1996. cijene su u američkim centima po libri Differentials ZADNJA Santos 4's 4 cts under "C" 119.15 N Colombian MAMs 35 cts over "C" 158.15 N El Salvador 7 cts over "C" 130.15 N Mexican even to "C" 123.15 N Guatemala 7 cts over "C" 130.15 N Peru 3 cents over "C" 126.15 N Uganda Pmy Robs 4 cts over London 77.70 N Indonesia EK1 even to London 73.70 N Ecuador Ext Sup 12 cts under "C" 111.15 N NEW YORK - KAVA cijene pri zatvaranju burze 13. kolovoza 1996. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE SEP6 123.00 117.50 124.00 117.50 122.40 123.15 1 DEC6 112.00 107.80 112.00 107.80 111.00 111.75 1 MAR7 107.50 104.25 107.50 104.00 107.00 107.40 1 MAY7 105.00 105.75 105.75 104.50 106.50 106.75 1 JUL7 106.50 106.50 106.50 106.00 106.50 106.75 1 SEP7 105.50 107.50 105.50 105.50 106.50 106.75 1 DEC7 109.00 106.50 106.75 1 MAR8 CSCE coffee ends at 2 1/2 month high on stock woes NEW YORK, Aug 13 (Reuter) - CSCE arabica coffee prices surged to their highest level in six weeks Tuesday after another round of stock data rekindled fears of a supply squeeze on the soon-to-expire September contract. U.S. certified coffee stocks fell 19 percent on the week to 40,775 60-kg bags, their lowest level since July 1984, CSCE reported after Monday's close. While the decline had been expected, traders said it underscored for many operators the scarcity of deliverable coffee ahead of September's first notice day. "This is a good, old-fashioned tightness scenario," said Bill O'Neill, senior futures strategist at Merrill Lynch. "Although (the certified number) was anticipated, it certainly re-emaphasized the low levels of stocks." Spot September surged 7.00 cents to 123.15 cents a lb, its highest close since late May. Second-month December rose 4.60 cents to 111.75, while deferreds gained 3.25 to 3.75. Buyers zeroed in on the September-December switch, which shot out to a huge 12 cents Tuesday, fueling further gains in the outright market, dealers said. With the harvest of gradable Colombian and Central American coffee set to begin next month, many speculators had shorted the market in anticipation of a fall in prices. Instead, prices began advancing last week as concern mounted that there would be insufficient supply on hand to meet demand during September's delivery phase. "Most of the countries that have quality coffee have pretty much gotten rid of everything," said Smith Barney analyst Walter Spilka. "The next coffee available will be from Colombia, and that's a month and a half away." While September's open interest declined steadily over the past several days, traders said it was still alarmingly high seven days ahead of first notice day. At 8,204 lots, September's uncovered position totaled more than 50 times the Exchange's current stockpile of coffee. "I think it's a typical squeeze," said one broker. "The open interest on September is still pretty heavy." Prices bounded higher from the outset on Tuesday, lifted by persistent speculative buying. Interest in the market became frenzied, however, after September punched through resistance at 120.00 cents. Buy stops were also triggered above 122.50-123, dealers said. Chartists said they next expected September to take aim at 128.50 cents, a peak dating from mid-May. But the rally would inevitably attract some selling from the industry, analysts said, as producers unload whatever beans they have left over from last season's crop. "At some point, some of the producers are going to start to let go of some of their stocks because prices will look too attractive," O'Neill said. U.S. dealers and processors who maintain stocks outside of the certified cache are also likely to take advantage of the higher prices, he added. 141120 MET aug 96