CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA Trgovačke spot cijene 22. siječnja 1997. Differentials ZADNJA Santos 4's 2 cts under "C" 133.30 N Colombian MAMs 23 cts over "C" 158.30 N El Salvador 6 cts over "C" 141.30 N Mexican 3 cts under "C" 132.30 N Guatemala 6 cts over "C" 141.30 N Peru 4 cts over "C" 139.30 N Uganda Pmy Robs 6 cts over London 76.31 N Indonesia EK1 4 cts under London 66.31 N Ecuador Ext Sup 8 cts under "C" 127.30 N NEW YORK - KAVA cijene pri zatvaranju burze 22. siječnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE MAR7 135.20 129.50 137.05 127.75 135.10 135.30 1 MAY7 131.00 125.50 132.50 124.25 130.60 130.85 1 JUL7 127.80 123.00 129.50 122.00 127.80 128.40 1 SEP7 125.25 120.20 126.25 119.25 125.25 125.25 1 DEC7 122.00 116.75 122.00 115.50 121.00 121.05 1 MAR8 116.50 114.00 116.50 114.00 117.40 117.50 1 MAY8 113.00 112.50 113.00 113.00 115.50 115.75 1 JUL8 CSCE coffee surges to new highs on supply concerns NEW YORK, Jan 22 (Reuter) - CSCE coffee futures shot up on Wednesday, surging to fresh contract highs across-the-board, as speculators bought heavily on near-term supply concerns, traders said. A prolonged dock workers' strike in Colombia and continued speculation about the size of the Brazilian crop exacerbated supply worries in the U.S., where coffee inventories are already at extremely low levels. "This is still a reflection of underlying bullishness linked to a tight situation," said Dean Witter analyst Steve Platt. "It will persist if the the Brazil crop comes in lower as most people suggest." CSCE March delivery jumped to a new life-of-contract high of 137.05 cents a lb before settling at 135.30 cents a lb, up 5.65 cents -- or more than four pecent -- on the day. On the continuous weekly chart, March's finish was the highest since September 1995. Second-position May ended up 4.85 cents, to 130.85 cents, while the outer months closed 3.75 to 4.75 cents higher. Volume was heavy, at an estimated 15,897 lots. After posting gains seven sessions in row, traders said today's rally was sparked by a report from Wall Street firm Merrill Lynch suggesting the tight supply situation could drive prices to as high as 200.00 cents a lb by mid-1997. The report said aggressive purchasing by European roasters had absorbed the new crop supply of coffee and caused U.S. inventories to dwindle. "Total supplies have not been this tight in 20 years," the report said. "Although it is hard to prove statistically, we believe arabica supplies might be the tightest on record." Merrill Lynch said the market outlook hinged on the Brazilian 1997/98 coffee harvest and the response of the Brazilian government to release holdings should the crop be reduced. Preliminary forecasts by the Brazilian government have pegged the country's 1997/98 coffee crop between 18 million and 20 million 60-kg bags compared with an estimated 25 million bags the previous season. "We have a balanced situation with a larger Brazilian crop," Dean Witter's Platt said. "With a smaller crop, you are looking at an explosive situation." Traders said other factors, such as the port strike at the Colombian port of Buenaventura and uncertainty ahead of a meeting Thursday of the Association of Coffee Producing Countries meeting in Rio de Janeiro, also underpinned the market. Dock workers will resume talks with government officials and cargo handling operators to resolve the strike this afternoon. The work stoppage, which entered its eighth day, has blocked shipment of more than 300,000 60-kg bags of coffee exports. 231028 MET jan 97