CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 06. lipnja 1997. Differentials /svibanj/ ZADNJA Santos 4's 20 cts under "C" 217.25 N Colombian MAMs 35 cts over "C" 272.25 N El Salvador 3 cts over "C" 240.25 N Mexican even to "C" 237.25 N Guatemala 3 cts over "C" 240.25 N Peru even to "C" 237.25 N Uganda Pmy Robs 8 cts over London 90.78 N Indonesia EK1 4 cts under London 78.78 N Ecuador Ext Sup 18 cts under "C" 219.25 N NEW YORK - KAVA cijene pri zatvaranju burze 06. lipnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 236.50 230.00 238.50 228.00 236.00 237.25 2 SEP7 214.00 205.50 215.00 205.50 213.00 214.15 2 DEC7 184.00 179.00 185.00 179.00 184.00 184.45 1 MAR8 171.00 165.50 172.00 165.50 170.75 171.65 1 MAY8 163.00 163.00 163.00 163.00 165.00 166.00 1 JUL8 157.00 161.00 161.05 1 SEP8 150.00 150.00 150.25 1 DEC8 CSCE coffee ends tumultous week higher NEW YORK, June 6 (Reuter) - CSCE coffee futures ended higher in dull trading on Friday, in what was mainly viewed as a technical correction to the market's recent sharp slide. In the last two consecutive sessions, the benchmark July contract tumbled 33.70 cents per lb or nearly 13 percent. Since reaching a 20-year high of 318.00 last week, July had plunged about 27 percent. "The inclination of a great many people was to buy it after this much of a fall," said Refco Inc. analyst Ann Prendergast. "It is a modest correction given the extent of the fall." July arabicas rose 6.75 cents per lb on the day, to 237.25 cents, after ranging between 238.50 and 228.00 cents. Second-month September ended 4.75 cents, to 214.15 cents, while the back months closed up 0.75 to 4.15. The July/September spread widened to 23.10 cents today from 21.10 cents on Thursday. Traders attributed most of the gains to commercial buying and light short-covering, while mixed selling kept a lid on the market and prevented a test of key chart resistance at 240.00 cents basis July. Market participants downplayed news that the Brazilian government asked coffee exporters not to make any further sales for June shipment. "Nobody in Brazil is going to listen to this," said one industry source. "They want to sell in June so they can price against July. Exporters want the highest price they can get." The head of the primary commodities department at Brazil's Industry and Commerce Ministry said Friday the government has asked coffee exporters to stop sales for June shipment and to transfer exports from the end of June to July after evaluating current exports in light of a limit agreed with other producing countries. Under an agreement with members of the Association of Coffee Producing Countries (ACPC), Brazil should not have shipped more than six million bags between January and June this year. But according to export statistics, shipments to the end of May had already exceeded this level. "The ACPC is basically a cartel," said a trader. "And cartels in a rising market don't work." Technically, traders said July would continue to run into some resistance at 240.00 cents, while support was seen at today's and Thursday's low of 228.00 cents, followed by 214.00 cents. Allendale analyst Jim Cordier said the market was likely to consolidate in the next fews sessions, but that persistent concerns about low inventory levels would ultimately push prices higher. "I think prices will probably consolidate through Tuesday or Wednesday next week and then get back to the bull market because of the supply situation," he said. Traders said the bi-weekly CFTC Commitment of Traders report due late Friday is likely to show a drop in speculative long positions. Increased margins have forced many operators out of the coffee market, with total open interest falling sharply since a recent peak of about 45,000 lots in March. As of Thursday, open interest stood at 25,389 lots, down 1,863 lots from the previous session. Volume reached an estimated 6,905 lots. 090951 MET jun 97