Copra

Prices During World War Ii

The copra market was controlled by Govern ments from outbreak of war in 1939 until the end of the war in 1945. Controls are still being exercised in the post-war period.

London Fixed Price, per ton, c.i.f., Plantation Hot-air:

September 6, 1948.—British Ministry of Food has offered choice of two new contract prices for Fiji copra; 1. —1949-51 period: £51 sterling for 1949; 1950-51, £43 sterling. 2.-1949-57 period: £48 sterling for 1949, then probably 10 per cent, up or down for each succeeding year, to be arranged by negotiation. Fiji planters are now considering which offer to accept.

Western Samoa Canadian buyers are paying £53 (£66 Aust.) per ton in Apia for Samoan copra.

Territory Of New Guinea

All prices quoted are for copra delivered to ship’s slings, or to the Board’s warehouse.

ANGPCB Fixed Price, Delivered to Ship’s Slings: Hot-air Smoked Jan. 7, 1947 .. .. £28 0 0 £27 0 0 June 17, 1947 ... £31 2 0 Nov. 23, 1947 ... £35 10 0 April 8, 1948 ... £42-£45 (According to quality)

Official Price for NG Copra sold in Sydney.

Hot-air Dried Smoked January, 1947 . £36 10 0 £35 10 0 July, 1947 . .. .. £51 5 0 £50 5 0 April, 1948 . .. £61 0 0 £60 0 0

Sterling October, 1939 —January, 1940 . £12 7 6 January-Aprll, 1940 5 0 After April. 1940 .. 12 17 6 Fiji Local Buying Price, in Store, Fiji Currency Plant’n

Fms

June, 1942 £16 0 0 £15 0 0 July, 1942 16 12 6 15 12 6 June, 1944 19 10 0 18 0 0 October, 1944 .. 20 0 0 18 10 0 December, 1945 .. 19 7 6 17 17 6 January, 1946 .. 18 5 6 18 0 0 August, 1946 . . 23 10 6 23 5 0 February, 1947 . .. 29 15 6 29 10 0 June 9, 1947 .. 36 19 0 36 13 6 December 8, 1947 . 38 5 6 38 0 0 March 15, 1948 .. 46 5 6 46 0 0