Prospects
p. 16 · Read in the full issue
Cocoa In Demand
Samoan Industry Has Good Prospects
From Our Own Correspondent APIA, January 5.
THE cocoa market continues to be firm and Samoan cocoa is in good demand in all the markets.
In England and Germany stocks are sold out, in fact there has been no Samoan cocoa shipped to Germany since beginning of 1930, though some may have been reshipped from Eng land and U.S.A. Up to September 30. 1930, 350 tons of Samoa cocoa beans were imported into New York (for the nine months of the year). The stocks on hand on September 30, 1930, at New York, included 2,439 sacks of Samoan cocoa beans, or approximately 160 tons. These stocks have probably much decreased since, as part was re exported to Germany, while the balance was disposed of for the Christmas trade in October and November.
In spite of the world depression the consumption of cocoa and chocolate is still growing. A German periodical recently announced that there would be a bright and increased Christmas trade in chocolate as, owing to the bad times, people were unable to buy more expensive presents and would go in more for chocolates, which are very clieap now and are at the same time nourishing and attractive.