Levels
p. 17 · Read in the full issue
Copra On 1952
British MOF Has Best Of It
IN early March, London had a ris ing market for copra, and sales of Straits were reported up to £94 Stg., European port. Philippines was sold at as high as $285, March- April shipment.
During the month, between 10,000 and 15,000 tons of copra from Indo nesia came into the European markets, and prices eased slightly.
Straits was down to £9O at the end of March.
All the British copra-producing Territories in the South Pacific have now settled down, „ for 1953, with British Ministry of Food con tract prices at or very near the 1952 levels. So far, the MOF (which was most reluctant in January to forego its claim for a 10% reduc tion) is having by far the best of it—it is buying South Pacific copra at from £lO to £l2 under the world market.