Delay in Fixing 1957
p. 25 · Read in the full issue
War Of
Attrition
Delay in Fixing 1957 Copra Price
UP until April 8, no announce ment had been made concerning the 1957 MOF price for copra.
Negotiations have been proceed inb between the Ministry in London and representatives of South Pacific producer countries since the end of last year. This is the most pro tracted period of negotiations be tween the parties since the Con tract came into operation, nearly nine years ago.
In the meantime, as announced in March PIM, most South Pacific Pacific territories, through their copra boards, have tentatively dropped the price 10 per cent, on last year’s rate.
It is “confidently expected” that an official MOF price will be an nounced “within the next couple of weeks.”