CIJENE KAVE U NEW YORK-U
SAD - KAVA Trgovačke spot cijene 13. veljače 1997.
Differentials ZADNJA
Santos 4's 4 cts under "C" 176.05 N
Colombian MAMs 28 cts over "C" 208.05 N
El Salvador 7 cts over "C" 187.05 N
Mexican 1 cts over "C" 181.05 N
Guatemala 10 cts over "C" 190.05 N
Peru 4 cts over "C" 184.05 N
Uganda Pmy Robs 8 cts over London 82.39 N
Indonesia EK1 4 cts under London 70.39 N
Ecuador Ext Sup 10 cts under "C" 170.05 N
NEW YORK - KAVA cijene pri zatvaranju burze 13. veljače 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
MAR7 179.75 174.50 181.00 173.00 179.00 180.05 1
MAY7 168.25 165.50 169.50 164.10 168.00 169.00 1
JUL7 162.25 160.40 163.00 159.00 162.00 162.85 1
SEP7 155.50 154.00 156.50 153.00 155.50 155.95 1
DEC7 148.00 147.50 148.75 145.00 147.50 147.75 1
MAR8 141.00 140.00 142.50 140.00 141.00 141.05 1
MAY8 134.00 135.00 135.50 1
JUL8 130.00 132.00 133.00 1
CSCE March coffee soars to 21-month high
NEW YORK, Feb 13 (Reuter) - CSCE coffee futures surged for
the sixth straight session Thursday, with new contract highs
set for all delivery months out to May 1998 as continued
buying by commodity funds extended the market's bull run.
"It is a strong market and it is important to remember it
began taking off in early January," said Prudential Securities
analyst Arthur Stevenson. "Nothing fresh fundamentally
happened today, but basically the market remains focused on the
supply situation."
CSCE March coffee ended up 8.20 cents at 180.05 cents a
pound, its highest level in 21 months on the weekly chart,
after peaking at a new contract high of 181.00 cents.
Second-month May rose 5.80 cents to 169.00 cents, while the
outer months finished up 4.25 to down 1.05 cents.
March/May switch, a barometer of neat-term availability,
ballooned to 11.05 cents compared with 9.55 cents at the close
on Wednesday.
Prudentials Stevenson noted a combination of factors have
fueled the market's uptrend, which has seen the March contract
soar some 50 percent since the start of 1997.
Projections for smaller crops in the two top producers,
Brazil and Colombia, sparked supply jitters, he said. So did
the Association of Producing Countries' (ACPC) plan to go
ahead with export quota cuts in the first half of 1997, and
depleted inventories in both producing and consuming
countries.
Although a strike by state workers strike in Colombia
should have little direct effect on the country's coffee
trade, Stevenson said it may have psychological impact.
"The strike is not interfering with the normal flow of
coffee," he said, "But I think people are concerned it might
expand to other sectors."
Colombian labor leaders restarted talks with government
officials Thursday morning in a bid to end the work stoppage,
which entered its third day and is being billed as the biggest
in 20 years.
Traders await the monthly Green Coffee Association of New
York stocks data due next Tuesday, with most operators
expecting to see a build up in January because of strong
shipments from Brazil during December and a steady flow of
Mexican beans into Laredo, Texas.
Turnover reached an estimated 17,628 lots today, little
changed from Wednesday's official tally of 17,889 lots.
141059 MET feb 97
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