Products Of The South Seas
p. 11 · Read in the full issue
Slight Recovery in Price of Copra
LATEST quotations from London show a recovery in the price of copra. South Sea sundried, which a month ago was at about £14/5/- per ton. is now in the vicinity of £14/17/6, with plantation sun-dried Rabaul commanding £15. Published in this issue is the first of a series of articles written by the editor (Mr. R. W. Rob son), giving the results of his investi gations abroad into the position of the copra industry. Much valuable data is included in this first article.
Messrs. Faure, Blattman & Co of London, said early this year that they
thought lower prices for copra were likely to be seen, and that, at least until about June, they could not see anything which was likely to give bet ter markets.
“Of course, there will be reactions from time to time,” they stated, “but these we consider will be only tempor ary, and the general tendency of the market will be to decline. The position of oils and fats is very serious, owing to the very heavy supplies of all soap and margarine making material avail able. The crops are there and have to be marketed, but the consumption is limited.”