CENE KVE NA BURZI U NEW YORK-
SAD - KAVA Trgovačke spot cijene 20. rujna 1996.
Differentials ZADNJA
Santos 4's 5 cts under "C" 98.60 N
Colombian MAMs 25 cts over "C" 128.60 N
El Salvador 7 cts over "C" 110.60 N
Mexican 4 cts under "C" 99.60 N
Guatemala 7 cts over "C" 110.60 N
Peru 3 cents over "C" 106.60 N
Uganda Pmy Robs 4 cts over London 75.67 N
Indonesia EK1 2 cts under London 69.67 N
Ecuador Ext Sup 12 cts under "C" 91.60 N
NEW YORK - KAVA cijene pri zatvaranju burze 20. rujna 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC6 103.60 103.40 105.30 103.40 103.50 103.60 1
MAR7 100.60 100.60 102.05 100.45 100.45 100.55 1
MAY7 100.90 101.00 102.10 100.50 100.50 100.90 1
JUL7 102.00 101.25 102.40 101.25 100.50 100.65 1
SEP7 102.50 101.50 102.50 102.50 100.50 100.65 1
DEC7 101.50 101.00 101.25 1
MAR8
CSCE coffee ends flat as origins keep pressure on
NEW YORK, Sept 20 (Reuter) - CSCE coffee prices ended near
unchanged after yet another bid to push through resistance was
countered by persistent producer-related selling, trading
sources said.
An early bout of fund buying drove prices to session
highs, matching Thursday's intraday peak of 105.30. But the
gains proved fleeting, as origins seeking to capitalize on the
higher prices sold heavily into the rally.
Benchmark December futures ended unchanged, at 103.60
cents per lb, having traded over a narrow range from 103.40 to
105.30. Second-month March fell 0.05 cent, to 100.55.
Volume was estimated at 5,076 lots.
Traders continued to monitor events in key grower
Colombia, after mounting unrest sent jitters through the
market this morning. So far there have been no reported
assualts on coffee-related infrastructure, but earlier Friday,
leftist rebels reportedly set five buses ablaze in the
central, coffee-growing province of Tolima.
Next week, the spotlight is expected to shift to talks
among key producing countries. Both the International Coffee
Organization and the Association of Coffee Producing
Countries, the 14-member producers' cartel, have scheduled
talks in London late next week.
Coffee officials in Guatemala and Mexico on Friday
reaffirmed their independence from the ACPC. While neither
country had been expected to join the group -- which has
sought to boost prices through annual export limits --
analysts said the market would be paying close attention to
signals from Mexico about its 1996/97 export program.
In the 1995/96 crop year, Mexico was an unusually heavy
exporter in a bid to generate badly-needed income. But with
its economy somewhat more stable heading into the next
harvest, more of that coffee may be consumed domestically,
said Merrill Lynch analyst Judith Ganes.
"Mexico's economy is more of a factor than anything else,"
said Merrill Lynch analyst Judith Ganes.
"Even though Mexico can't join the ACPC, are they going to
export heavily in first half of year?" she said. "If so, the
market would come down. But if they don't, then you may see a
little more support."
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