Copra World Price
p. 17 · Read in the full issue
Down
London, May 22.
THE copra market strengthened a little in April, but weakened again in May. Quotations now are; Straits £7l Stg. per ton, cif European port, June-July shipment; Indonesian, 72i guilders per 100 Kilos; Philippines, 187.50 US dollars.
The position at the moment, therefore, is that the free world market quotation is a few pounds below the British MOF contract price which rules in all British ter ritories in the South Pacific and which is based on £75 stg. per ton, fob.
Another 30 - For Ng Copra
Producers
Australia announced late in May that copra producers in Papua and New Guinea would receive another 30 - per ton for the copra delivered during 1953 Adjustment of the year s accounts, plus some addi tional profit made from a large sale to Sweden (with British MOF permission, of course) made this possible.