CIJNE KVE NA BURZI U NEW YORK-
SAD - KAVA Trgovačke spot cijene 01. listopada 1996.
Differentials ZADNJA
Santos 4's 5 cts under "C" 99.75 N
Colombian MAMs 22 cts over "C" 126.75 N
El Salvador 7 cts over "C" 111.75 N
Mexican 4 cts under "C" 100.75 N
Guatemala 7 cts over "C" 111.75 N
Peru 3 cents over "C" 107.75 N
Uganda Pmy Robs 4 cts over London 72.17 N
Indonesia EK1 2 cts under London 66.17 N
Ecuador Ext Sup 12 cts under "C" 92.75 N
NEW YORK - KAVA cijene pri zatvaranju burze 01. listopada 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC6 104.60 103.50 105.60 103.50 104.50 104.75 1
MAR7 100.50 99.90 101.50 99.90 100.50 100.60
MAY7 100.55 100.00 101.30 99.90 100.55 100.70
JUL7 100.25 100.10 100.50 100.25 100.25 100.25
SEP7 100.95 100.00 100.95 100.95 100.95 100.95
DEC7 101.00 100.00 101.50 101.00 101.00 101.00 1
MAR8 100.00 101.00 101.50
CSCE coffee ends higher, but upside seen limited
NEW YORK, Oct 1 (Reuter) - CSCE coffee advanced Tuesday on
the heels of stock data showing certified coffee inventories
at their lowest level in more than a decade, dealers said, but
the rally fell short of key resistance targets.
Prices rose from the outset, fueled by a steep, 10,000-bag
drop in exchange-deliverable coffee. The drawdown, which
caught many traders by surprise, reduced CSCE certified stocks
to a 12-year low of 31,669 bags as of September 27.
But the early rally failed to catch fire, and selling by
producer countries reappeared toward the highs, dealers said.
Benchmarket December futures rose 1.80 cent per lb, to
104.75, after trading from 103.50 to 105.60.
Today's decidedly measured run-up points to what analysts
said is coffee's limited upside potential over the long-term.
With stocks in consumer countries expected to build
steadily in the coming months as Latin American producers
harvest their 1996/97 crop, buyers will likely become
increasingly cautious, said Smith Barney analyst Walter
Spilka.
"Coffee prices are not going to go up much more because
the coffee harvest is coming," said Smith Barney analyst
Walter Spilka. "Pretty soon, we will be knee-deep in coffee."
The nearby December contract benefitted most from the
stock draw, padding its premium to second-position March by
0.70 cent. Traders said the switch could widen out to as much
as 6.00 cents as coffee roasters seek to secure near-term
supplies.
Technically, 107.25 remained a key resistance objective,
with downside targets noted at yesterday's low of 102.25 and
then at 100.00 cents.
Turnover on the exchange was estimated at 7,906 lots.
021016 MET oct 96
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