Proceeding
p. 23 · Read in the full issue
Copra Price
For 1957
Negotiations Still Proceeding
Negotiations are proceeding in London between repre sentatives of the South Pacific copra producing governments and the British Ministry of Food, but up until mid-January no indication had been given as to what will be the price for 1957.
This is the last year of the nine years Copra Agreement and pro ducers are hoping that in view of the great advantage the MOF enjoyed in the early years of the Agreement, the price will not this year fall the full 10 per cent, permissible.
Since the Suez crisis the London free market price of copra has tended to rise—but not spec tacularly. On January 10 it was £Stg.69. The 1956 price under the MOF Agreement was based on a London c.i.f. price of £Stg.sB.lo.