[?]Igher Copra
p. 17 · Read in the full issue
Price Expected
LTHOUGH no official announce- L ment had been made at mid- January, the expectation was neral throughout the British *rritories of the South Pacific at the British Ministry of Food ntract price of copra would be sreased by 10 per cent, as from nuary 1.
Fhe 9-years contract provides at the price shall not rise or H by more than 10 per cent, in _y one year. As the open market ice of copra during most of 1953 md especially at the latter end vas more than 10 per cent, above s contract price, a general rise is afidently anticipated. [n mid-December, the market otation in London for FM Straits s around £9O Stg., c.i.f. European rt. The report said; “The de ind still appears to exceed iply, and there seems to be no akness in prices.”
Price Of Whale Oil
Norway’s nine whaling fleets lich are operating in the Antarc this autumn have already sold >st of their anticipated catch of at prices ranging from £67/10/jrling to £7l per ton. The average ce of £6B/5/- Stg. this season dws a fall of £3/5/- on the srage price of last season’s whale . The Norwegian fleets’ catch of tale oil—which this year will be out 160,000 tons—is now an im rtant factor in the vegetable oil irket.