Cocoa Crop
p. 18 · Read in the full issue
Rain Affects Samoan
From Our Own Correspondent
Apia, May 14.
THE SS Westhank has just lifted one of the largest and most valuable cargoes of Samoan produce ever to leave Apia. Over 4,200 tons of copra and 500 tons of cocoabeans were shipped to London; value of the shipment approximated £500,000.
The cocoa market continues to rise and recently the phenomenal price of £475 Stg. per ton f.o.b. for a small parcel of Ist grade was paid by New Zealand buyers. London
offers ranged from £450 to £455 Stg.
The present cocoa crop has been severely affected by heavy rains and. apart from this, shippers have still to fulfill previous commitments at very much lower fates.