Season’s Output Purchased.
p. 43 · Read in the full issue
Whale Oil.
WHALERS are overjoyed at the news that Unilever, Ltd., has purchased the whole of the 1932-3 season’s production of whale oil. The amount in volved is estimated at £3,500,000.
The whale-oil industry, like most others, is suffering from over-produc tion, hence the whalers’ glee.
It may be some consolation to the struggling coconut planter to know that even with the wholesale purchase and a bumper catch, the whalers’ margin of profit is very small. The price of oil for the present season is only £15 per ton.
But that, of course, will tend to keep copra prices at their present low level.