[?]opra Falls by Full
p. 63 · Read in the full issue
[?]S Official
W [?]opra Falls by Full 10 Per Cent.
HFICIAL result of protracted negotiations between British South Pacific copra producing dries and the UK Ministry of i were announced on March 21. price will be based on £5B/10/- FOB Islands ports. le negotiations have been going ince the end of 1955 and have d in a victory for the MOF in ir as the producer countries were )le to budge them from their sntion that in 1956 the price Id fall by the full permissible 3r cent. e final price is not unexpected, world price of course has, in ast year, been consistently below MOF fixed price (£65 Stg. in ice the beginning of the year copra marketing instrument s in both New Guinea and Fiji been buying copra at a price I on a full 10 per cent, fall, >m the MOF price the various 1c islands governments take ’t taxes, stabilisation fund de ons and other payments. The
price now currently being paid by the Papua-New Guinea Copra Marketing Board is: Hot air dried, £A62.10 delivered to Board depots; FMS, £A6I/15/-; Smoke dried, £AS9.
As production in P-NG for 1956 is estimated at 90,000 tons, copra should this year realise about £7,000,000.