CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA Trgovačke spot cijene 30. siječnja 1997. Differentials ZADNJA Santos 4's 2 cts under "C" 138.30 N Colombian MAMs 23 cts over "C" 163.30 N El Salvador 6 cts over "C" 146.30 N Mexican 2 cts under "C" 138.30 N Guatemala 6 cts over "C" 146.30 N Peru 4 cts over "C" 144.30 N Uganda Pmy Robs 4 cts over London 73.63 N Indonesia EK1 4 cts under London 65.63 N Ecuador Ext Sup 8 cts under "C" 132.30 N NEW YORK - KAVA cijene pri zatvaranju burze 30. siječnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE MAR7 140.50 143.70 146.10 140.00 140.00 140.30 1 MAY7 134.25 138.40 140.00 134.25 134.25 134.50 1 JUL7 131.20 134.75 136.00 131.00 131.00 131.20 1 SEP7 128.00 130.50 131.75 127.50 127.50 127.75 1 DEC7 123.50 125.25 126.50 123.50 123.50 123.80 1 MAR8 122.50 121.00 122.50 122.50 120.00 120.50 1 MAY8 118.50 118.00 118.50 118.50 118.00 118.15 1 JUL8 CSCE coffee ends down sharply, specs take profits NEW YORK, Jan 30 (Reuter) - CSCE coffee futures pulled back sharply on Thursday, retreating from steep gains racked up the previous session as speculators moved to take profits, traders said. "The market was expecting a correction," said Refco analyst Ann Prendergast. "It had gone up significantly and was due for a retracement in order to sustain the upsurge." Traders also noted today's sell-off was spurred by talk a leading coffee consultant forecast next season's Brazil crop would come in well above a string of recent estimates. March delivery tumbled 4.30 cents a lb on the day, to 140.30 cents, after ranging between 146.10 and 140.00 cents. Second-month May ended 4.40 cents lower, at 134.50 cents, while the outer months closed down 1.10 to 4.10 cents. Talk former USDA representative Leon Yallouz pegged the 1997/98 Brazil crop at more than 27 million 60-kg bags in a preliminary estimate based on field trips made in September weighed on sentiment, market sources said. "It was sobering," Prendergast said. "People respect his word." Yallouz's forecast differs sharply compared with preliminary estimates by the Brazilian government, which have pegged the country's coming 1997/98 coffee crop between 18 million and 20 million bags compared with an estimated 25 million bags a year earlier. But traders in Brazil said that while rumors of the Yallouz report swirled around last week at a coffee seminar in Rio de Janiero, no one has been able to confirm it. "That figure was circulating last week but I asked (Yallouz) and he said, 'No I don't have this, I am travelling to the interior after the seminar and I will only have a forecast in March'," said Francisco Ourique, one of the organizers of the seminar. "For anyone who deals in coffee, they know that making a forecast for the 1997/98 crop in September is impossible," he added. New York arabica futures have surged some 27 percent since the start of January as speculators bought heavily on supply concerns. Heightening supply worries has been uncertainty about next season's Brazilian harvest at a time coffee inventories are near 20-year lows. However, many New York traders eagerly await forecasts from non-Brazilian entities, such as the USDA, as some operators anticipated a further recovery in the Brazilian crop following severe frost damage in 1994. Although the USDA is not officially slated to release a 1997/98 Brazilian production estimate until June, market sources expect them to put out an unannounced preliminary forecast earlier in the year. Traders brushed aside news Colombia will announce cuts in coffee exports next week under the terms of a ACPC retention plan agreed January 23, as well as news they planned to draw up a detailed report on the specific impact on the country's crop due to recent heavy rains. "All that is already in the market," one trader said. "We already heard about the cuts and we already heard about the rains." Elsewhere, Guatemala's National Coffee Association (Anacafe) said after the close Thursday the country's 1996/97 coffee harvest will end at 3 million 60 kg bags, a seven percent reduction from October forecasts of 3.2 million bags, due to strong rains and cold affecting the harvest in the northern Guatemala. Volume Thursday reached an estimated 11,643 lots. 311048 MET jan 97