CIJENE KAVE U NEW YORK-U
SAD - KAVA Trgovačke spot cijene 20. prosinca 1996.
Differentials ZADNJA
Santos 4's 2 cts under "C" 110.15 N
Colombian MAMs 22 cts over "C" 134.15 N
El Salvador 6 cts over "C" 118.15 N
Mexican even to "C" 112.15 N
Guatemala 6 cts over "C" 118.15 N
Peru 6 cts over "C" 118.15 N
Uganda Pmy Robs 6 cts over London 64.51 N
Indonesia EK1 2 cts under London 56.51 N
Ecuador Ext Sup 8 cts under "C" 104.15 N
NEW YORK - KAVA cijene pri zatvaranju burze 20. prosinca 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
MAR7 112.40 109.90 113.90 109.30 111.80 112.15 1
MAY7 109.60 106.50 111.20 106.50 109.40 109.60 1
JUL7 108.00 105.00 109.20 105.50 108.00 108.10 1
SEP7 106.10 103.50 108.00 104.70 106.10 106.10 1
DEC7 104.50 101.50 104.50 101.50 103.90 104.00 1
MAR8 100.00 99.00 100.00 100.00 101.50 101.75 1
MAY8 95.00 101.00 101.15
CSCE coffee ends higher after see-saw day
NEW YORK, Dec 20 (Reuter) - CSCE coffee prices ended higher
in volatile trading Friday after the USDA appeared to lower its
estimate for Brazil's 1996/97 coffee crop, traders said.
In what initially seemed to be a downward revision of figures
released a week ago, the U.S. Department of Agriculture's attache
in Sao Paulo pegged Brazil's 1996/97 crop at 25.8 million 60-kg
bags, down from 27.0 million put forth a week ago.
The attache's report, dated November 5, was only made
available on Friday. Prices shot up more than three cents per lb
following its release, with buy stops triggered near 112.50 and
113 cents.
"There was nothing going on until the report came out," said
one trader. "The run-up was all on the (USDA) news."
But the market staged a quick retreat when a USDA crops
analyst reiterated the department's 27.0 million bag forecast,
explaining that the attache's report, now seven weeks old, had
since been revised.
USDA specialty crops analyst Edmond Missiaen said there were
no plans to revise the 27.0-million-bag estimater put forth last
week until next June.
Having pared around half its gains by the close, March ended
at 112.15 cents, up 1.95 on the day. Trades were posted from
109.30 to 113.90. Second-position May rose 2.15, to 109.60.
Technically, dealers said the market would next encounter
resistance at 114.25, with 115 seen as a key psychological
hurdle. To the downside, 109.30-108.50 was seen as an important
support area.
An estimated 8,986 lots were exchanged on the day.
231111 MET dec 96
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