NG Cocoa Still at Phenomenal Price
p. 17 · Read in the full issue
Phenomenal Price
FIRM price for New Guinea cocoa beans, landed Sydney in mid- March, was £A475 per ton.
There were unconfirmed reports that one sale had been made at £ASOO per ton.
At that date, high prices had held for eight weeks and no one in the trade was prepared to speculate on whether they would hold in definitely. The bulk of Australian chocolate manufacture is done in winter months, and manufacturers like to have their raw materials in hand by this time in the year.
This, coupled with a general world shortage of cocoa beans, may have had some influence on the high prices obtained since New Year. (See report on Samoan cocoa, else where in this issue.)