CIJENE KAVE U NEW YORK-U
SAD - KAVA Trgovačke spot cijene 03. veljače 1997.
Differentials ZADNJA
Santos 4's 2 cts under "C" 143.65 N
Colombian MAMs 28 cts over "C" 173.65 N
El Salvador 7 cts over "C" 152.65 N
Mexican 2 cts under "C" 143.65 N
Guatemala 7 cts over "C" 152.65 N
Peru 4 cts over "C" 149.65 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" 137.65 N
NEW YORK - KAVA cijene pri zatvaranju burze 03. veljače 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
MAR7 145.80 141.10 145.90 139.75 145.25 145.65 1
MAY7 140.75 135.50 140.90 135.25 140.10 140.60 1
JUL7 137.40 132.80 137.40 132.25 137.25 137.35 1
SEP7 134.00 129.75 134.00 129.50 133.25 133.60 1
DEC7 130.25 125.50 130.25 124.25 128.50 129.40 1
MAR8 124.00 122.00 124.50 122.00 124.90 124.95 1
MAY8 120.00 122.00 122.25 1
JUL8 118.10 122.00 122.25
CSCE coffee ends up sharply, funds continue to buy
NEW YORK, Feb 3 (Reuter) - CSCE coffee futures jumped more
than four percent Monday, bolstered by commodity fund buying,
as evidence of tight supply continued to worry the market,
traders said.
March delivery ended 6.25 cents higher at 145.65 cents a
lb after trading from 145.90 to 139.75. Second-month May
finished up 5.65 cents at 140.60 cents, while outer months
gained 3.60 to 5.95.
"It was all fund buying," said Merrill Lynch analyst
Judith Ganes. "Stocks keep going down and the market keeps
going up."
A decline in U.S. certified coffee stocks underscored the
supply shortage. CSCE's daily certified data released after
Friday's close showed exchange inventories continued to
dwindle, falling 543 60-kg bags as of Jan 30 to 21,051 bags.
Talk coffee growers in second-largest producer Colombia
may move to declare a strike this week heightened supply
jitters. But a leader of the country's independent coffee
growers' association, Unidad Cafetera Nacional, downplayed
reports of a possible work stoppage.
Jorge Enrique Robledo said about 500 delegates from 100
coffee-growing areas across Colombia would meet Wednesday to
discuss a variety of demands, including longstanding calls for
debt relief from the government. But contrary to Colombian
news radio reports, he said the idea of a strike was not on
the agenda.
Today's gains came despite a bearish CFTC Commitments of
Traders report, which showed a net increase in speculative
long positions by 12,723 contracts to Jan 28, the most since
1994.
"The longs just get longer, " one trader said. "It is
feeding on itself now. It is a very good technical market."
After the close of business Monday, CSCE reported
certified stocks were unchanged to Jan 31 at 21,051 bags.
However, 250 bags were pending grading in Miami.
Volume Monday reached an estimated 10,113 lots.
041022 MET feb 97
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