Copra Market

COPRA prices did not vary much until mid-June. Then a sharp fall occurred; but the steady, slow improvement in the world’s economic condition is constantly being checked by political disturbances and war alarms. Thus, in recent weeks, we have had the threat of financial chaos in France; the increasing tempo of German armaments; Italy’s defiance of the Powers over Abyssinia; the belligerence of Japan in Northern China; and the sensational N.I.R.A. collapse in America.

The sharp fall in mid-June is said to be due to the “Combine,” which is using purchases of whale oil, etc., to attack copra sellers.

Copra growers should not lose heart.

The world statistical position affecting oil seeds is quite sound. There has been no fall in the price of oil —only in copra.

Prices should recover shortly.