Copra Prices
p. 20 · Read in the full issue
In Samoa
APIA, January 20.
The announcement that the new copra-buying rates will be considerably reduced has seri ously affected the great mass of Western Samoa copra producers.
The price under the contract with the British Ministry of Food (which terminated at the end of December, 1957), was £55 Stg. per ton, f.o.b. Apia.
The new price, fixed for the first quarter of 1958 only, is £45/14 - Sterling for hot-air dried, £43/19 - for sun-dried Her. l, and £42/19/- for sun dried No. 2.
These prices have been made under our 1958 contract with Unilever Ltd., based on the ruling open-market price for Philip pines copra, plus a premium of £3 per ton for hot-air dried, 35 - for sun-dried No. 1, and 5 - for sun-dried No. 2. These premiums are dependent on the maintenance of the quality standards established recently. (Note: W. Samoa’s £ is equal to the NZ £, which is at par with Sterling. Therefore, £1 Samoan is, equal to about r U 4/6 Aus tralian.)