Papuan Rubber
p. 85 · Read in the full issue
Grim Outlook For
P. MORESBY, April 20.
ACK from conferences in Aus tralia, the President of the Planters Association of Papua, . Fairfax Ross, had no cheering ys for rubber growers, ifter the Association’s committee I heard their President’s reports the market position, they ex ssed the opinion that the mar in Australia for sheet rubber ; not sufficiently strong at pre t to absorb all Papuan sheet ber at the No. 2, or higher price.
They therefore recommended that members of the Association auth orise their pool agents in Australia to accept the best price possible.
It was further recommended that growers tell their agents immedi ately what amount of rubber they were prepared to sell on this basis.
The committee added that this, of course, would not preclude growers from shipping their rubber overseas.
Commenting on the position, the Association’s Secretary, Mr. E. A.
James, said the position was grim— particularly in view of the steady
decline in the Singapore rubber market.
When this statement was made, Singapore quotations were 66i cents for No. 1 grade, and 631 and 601 respectively for second and third grade. * According to the official Gov ernment bulletin, dated Paris, Oc tober 24, 1952, Mr. Yves Martin, of Papeete, has been appointed, and accepted by the French Govern ment, as Swedish Consul in French Oceania.