London Copra Quote
p. 35 · Read in the full issue
Has Been
Under Mof Rate
London, July 24.
AFTER having fallen from £B5 Stg. per ton, cif European port, down to £7O, the copra price has improved in the last fortnight, and to-day it is £74/10/per ton. This is a little under the price which the British Ministry of Food now is paying for South Pacific copra under its nine-years contract—namely, £65 Stg. per ton, fob South Pacific port. Freight and costs added to that would make the price approximately £77 per ton, European port.
Ceylon and Straits coconut oil is between £ll2 and £ll4 Stg. per ton, cif.
Both copra and oil markets have been affected by irregular offerings from Indonesia,