Samoan Exports
p. 74 · Read in the full issue
APIA, June 29.
THE steamer “Meadowbank” left on June 28 with about 4,000 tons of copra for the British* Food Ministry, relieving the congestion of copra stocks in Apia sheds. Another 1,000 tons of copra are to be shipped to New Zea land by the SS “Waikawa” in July.
Last price of Samoan cocoabeans re ported locally is about £l2O-£125 per ton, FOB Apia, netting planters about £95 per ton. (There is afoot a strong move to induce the United States to resume the buying of various British foodstuffs and raw materials, including cocoabeans, so as to improve the dollar-sterling position. If that succeeds, the price of cocoa beans in Samoa may improve—although a re covery to the 1948 rates (well over £2OO per ton) is not expected).