CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA Trgovačke spot cijene 04. veljače 1997. Differentials ZADNJA Santos 4's 2 cts under "C" 145.45 N Colombian MAMs 28 cts over "C" 175.45 N El Salvador 7 cts over "C" 154.45 N Mexican 2 cts under "C" 145.45 N Guatemala 7 cts over "C" 154.45 N Peru 4 cts over "C" 151.45 N Uganda Pmy Robs 4 cts over London 74.72 N Indonesia EK1 4 cts under London 66.72 N Ecuador Ext Sup 8 cts under "C" 139.45 N NEW YORK - KAVA cijene pri zatvaranju burze 04. veljače 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE MAR7 147.00 145.75 150.50 145.75 147.00 147.45 1 MAY7 142.00 141.20 145.30 141.20 142.00 142.55 1 JUL7 139.25 138.00 142.00 138.00 139.25 139.40 1 SEP7 134.50 134.50 138.00 134.50 135.50 135.75 1 DEC7 131.00 130.10 133.00 130.10 130.50 130.90 1 MAR8 128.35 125.50 130.00 125.50 127.50 127.65 1 MAY8 123.00 124.00 124.40 1 JUL8 121.00 124.00 124.40 1 CSCE coffee ends off highs on profit taking NEW YORK, Feb 4 (Reuter) - CSCE coffee futures racked up further gains on Tuesday, but a rush of commission house profit taking knocked prices off fresh contract highs set earlier in the day, market sources said. March delivery ended 1.80 cents higher, at 147.45 cents, an 18-month high on the weekly charts, after ranging from 150.50 to 145.75. Second-month May finished up 1.95 cents, to 142.55 cents, while the outer months gained 1.50 to 2.70. Heavy speculative and commission house buying before noon carried the active March delivery nearly 5.00 cents a lb higher to a new lifetime high of 150.50 cents, traders said. But March's failure to gather momentum after piercing the closely watched 150.00-cent level prompted commission houses to move quickly to take profits. "It comes off when it is overbought," said Smith Barney analyst Walt Spilka. "The technicals are bullish, the fundamentals are bullish. It will probably trend higher as long as nothing changes." Low levels of coffee stocks certified against the CSCE were likely to continue to underpin prices, Spilka said. "The stocks continue to decline," he said. "There 84 contracts worth of stocks at the exchange and 22,767 open positions in March. Something has to give." Concerns Brazil's upcoming 1997/98 coffee crop would come in far smaller than this season's estimated harvest at 27 million 60-kg bags have also helped fuel the market's recent upswing. Since early December, coffee prices have risen more than 40 percent. Preliminary estimates for 1997/98 Brazilian production have ranged widely from a Brazilian co-op's forecast of less than 18 million bags to an ex-USDA attache's private estimate of more than 27 million bags. In a report released Monday, U.K. trade house E.D.& F. Man said it expects the Brazilian 1997/98 coffee crop to come in "significantly below" 1996/97 production, but ruled out an extremely low crop. Although Man did not give out numbers, they said the impact of new plantings and reasonable weather made it unlikely for Brazil's output to fall below 20 million bags. Additionally, uncertainty ahead of Colombian coffee growers meeting Wednesday compounded supply concerns. Reports coffee growers in the world's second largest producer threatened to strike reignited supply concerns, but a leader of the country's independent coffee growers' association, Unidad Cafetera Nacional, said the idea of a strike was not on the meeting's agenda. Delegates from coffee-growing areas across Colombia would meet to discuss various demands, he said, including long-standing calls for debt relief from the government. Volume Tuesday was brisk, at an estimated 15,965 lots. Activity in the options pit was also heavy, with an estimated 5,087 calls and 4,625 puts changing hands. Traders expected the market to continue to be volatile ahead of March options expiry on Friday. 051012 MET feb 97