World Copra Market
p. 20 · Read in the full issue
Is Very Dull
THE copra market continued somewhat sick during July and recent London quotations were in the vicinity of £7O stg., cif Euro pean port, for best Straits. This means that the South Pacific plan ters who get the benefit of the British Ministry of Food contract are enjoying an advantage.
No particular reason is given for the fall in rates—it appears to be a seasonal fluctuation. However, it is clear that, in the two Territories which really control the world market—Philippines and Indonesia —production tends to be heavy.
Indonesian production, which dir ectly affects the Singapore price— the basis of the Straits quotation —is an unpredictable thing.
Politico-economic conditions in Indonesa go from bad to worse; and it is to be anticipated that the In donesian masses, from time to time, under the sting of grim necessity, will bestir themselves to heavy pro duction, irrespective of the ruling prices.