CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 24. ožujka 1997.
Differentials ZADNJA
Santos 4's 6 cts under "C" 156.90 N
Colombian MAMs 40 cts over "C" 202.90 N
El Salvador 7 cts over "C" 169.90 N
Mexican 2 cts under "C" 160.90 N
Guatemala 10 cts over "C" 172.90 N
Peru 4 cts over "C" 166.90 N
Uganda Pmy Robs 7 cts over London 77.76 N
Indonesia EK1 4 cts under London 66.76 N
Ecuador Ext Sup 10 cts under "C" 152.90 N
NEW YORK - KAVA cijene pri zatvaranju burze 24. ožujka 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
MAY7 163.00 162.75 164.90 158.65 162.25 162.90 1
JUL7 154.00 153.10 155.25 151.00 153.50 153.80 1
SEP7 144.75 143.25 146.25 142.25 144.75 145.35 1
DEC7 134.50 133.50 135.25 131.80 134.00 134.60 1
MAR8 127.00 126.00 127.00 126.00 127.00 127.00 1
MAY8 122.00 123.00 123.05 1
JUL8 121.55 122.00 121.55 121.55 120.50 120.55 1
SEP8
CSCE coffee ends weaker but off intraday lows
NEW YORK, March 24 (Reuter) - CSCE coffee finished
moderately weaker on Monday as speculators continued to unload
long positions, but industry-linked buying helped moderate the
bearish tone, dealers said.
May futures fell 2.85 cents per lb on the day, to 162.90,
having ranged from 158.65 to 162.90. Second-position July
eased 1.75, to 153.80, narrowing the nearby switch to 9.10.
The arabica market took a pounding early in the day,
sagging seven cents at one point amid heavy selling by
commodity funds and day traders.
Traders said a sharp downward break at the open activated
a succession of sell stops through the 160-cent area. Overhead
selling by Colombia accelerated the decline.
But roasters, lured by the lowest prices the market has
seen in a month, helped chip away at the losses.
"There was a nice little rally toward the end of the day,"
said one trader. "But the roasters are scale buyers, they're
not paying up."
While the supply crunch that sent the market to
two-and-a-half year highs in February appeared far from over,
analysts said a steady recovery of consumer stocks in recent
weeks had taken the steam out of the rally.
"The market is relieved by the influx of supply coming
from Central American countries, so it's not hyper-worried,"
said Refco Inc analyst Ann Prendergast. "They're not exactly
breathing easy, but they're relieved."
Prendergast said the market would likely drift in a range
between 160-177 cents in the near-term, though a break below
154 -- a double chart bottom from mid-February -- would send a
sharply bearish signal.
"The tightness in supply is real, so coffee is still going
to find a range higher than it had been trading (before
January)," she added.
In other news, Colombia's truckers voted over the weekend
to go out on strike on April 20, but the country's transport
minister warned on Monday he would seek to outlaw the planned
work stoppage.
The day's volume was heavy, at an estimated 16,605 lots.
251044 MET mar 97
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