Caution in Troch [?]
p. 164 · Read in the full issue
Market
THERE were indications in Sydr early in June that the buoyr trochus market of recent mon might be due for a fall—possibh substantial one.
The whys and wherefores of • shell market are always complex s difficult to fathom. Ever since ‘ war the “experts” have been say\ that shell has had its day and tt plastics would capture the but: market very soon. Yet in recc months trochus and free-marj MOP have been as high as the 1J skyrocket.
Now, suddenly, European buy' have ceased to buy, and some N Guinea producers who have b« selling directly to Europe have be< making urgent offers to Sydr buyers.
As these resell to Europe they, t are naturally cautious. What v certain early in June was that h\ ing had almost ceased at prii acceptable to producers, and tl producers might find, with mi and more producers entering I market under the stimulus of 1 recent high prices, that they mi{ have to be prepared to sell at qui a lot lower than they have recen: been receiving.