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Sydney Market Firm For All New Guinea Coffee But Some Buyer-Resistance On Overseas Markets

ACCORDING to a recent New York report, world coffee pro duction is estimated to be only slightly lower this year than last, despite major frost damage m Brazil last year. World prices are likely to move down gradually it :he Brazil crop reaches the expected L 4.4 million bags.

Indonesia is slmwmg a rapid m -3rease in production and this year aopes to ship 2 million bags to the US, putting her in third place on the world production ladder, with Mexico second.

Purchases are easing in the States where all warehouses are said to be bulging with supplies fol lowing heavy March-May buying.

Some consumer resistance to the ligh prices has also become evident.

Coffee was retailing in York recently at $1.20 per pound, roasted

and ground, which is comparable

vith Australian-New Zealand prices.

There is a ready market in Sy tied for all New Guinea coffee and prices remain Arm at 6/6 to 1/ c.m. □er pound for good quality t» ea^s p Dne P big importer has received the first consignment of new season beans, but it was expected that- the price would be something lowe^than the 6 6 because, of fal Jlty The parchment has not been

tirely removed, a definite fault in marketing.

Unless this is removed, it is likely to burn during roasting and taint the bean.

Reports from New Guinea indicate that coffee production will increase appreciably in the next few years, hundreds of native nurseries are be ing established through the Eastern Highlands district under the direc tion of the Agricultural Extension Officer, in co-operation with the District Services Department. They are located near Highlands roads and are under regular supervision.

As well, there is a considerable planting up by Europeans in both Highlands and Wau areas and there would be more if the land were made available.