Sydney Cocoa Price F[?]
p. 160 · Read in the full issue
£100 in Month
rLLOWING the uncertain! the cocoa and coffee mi in Sydney in early September, has been a sharp decline in price these Pacific products, although buyers expect cocoa prices to h£ around early-October quotations.
Apia, W. Samoa, reported a s decline in overseas cocoa quota during September, offers drop from above £stg.500 on Septeml to as low as £stg.l00 a week < later. By the 15th, no offers being made at all, but at the er the month, quotations were £ at an unsteady £stg.37Q-£st per ton, f.o.b. Large amounl cocoa are being harvested growers are reluctant to ai present offers. There appeal be little overseas interest in Se Grades.
Papua-New Guinea cocoa quoted in Sydney on October £A460, ex wharf, buyers predicting that the recent de would now taper off. At beginning of September the Sy price was £A560.
The fall is attributed by Sy merchants to a predicted Accra crop becoming aval commencing October - Novel and to removal of price-fixing currency adjustments in Bazil.
The latter developments also influencing the coffee m and no Sydney firms were prej to quote early in October. One the price would be “below 67lb.” for Papua-NG, although retail price is still over 11- pi (See article page 39 this issue
MOP Situation
Sydney reported a keen dei for Manihiki MOP, mainly or half of European principals September-October. The pric( risen steadily for some months and early October Sydney b were seeking parcels at £A390, Auckland.
In Australian northern w the Australian fleets have h particularly poor season. Bo Pearling Co.’s eight luggers together harvested only 35 to: the end of September. In con the American-financed Jap; pearling fleet there reported it was doing particularly well, in October announced it has res its season’s quota of 950 tons. fl A daughter, Judith Margaret been born to Captain and Mrs.
Stammer, of Lae, NG.
Stammer is now flying with Q; Empire Airways. He went tc Territory originally for Taylor’
Transport and has also flowi Guinea Air Traders and Mam Airlines.