[?]opra Highest
p. 25 · Read in the full issue
Boom Continues [?]opra Highest Since 1951
ere is still no sign of a break ie long period of boom copra •s —and during April the London cet touched a high of over 99 c.i.f. [S is not the record price for jondon that having been ecorded in early 1951 when the ige over a three months period £Stg.loB. However, it Is the Bst price that British South ic territories have been con id with, as in 1951 they were by the MOF Copra Agreement i was operating on £Stg.s3/15/- Island ports. e average London c.i,f. price ig April was £97/10/- per ton, this is the price upon which ents to Papua-New Guinea icers will ultimately be based, e meantime, it has been calcu that for that month, the >ed values upon which export are to be calculated are 10/- for Hot air; £lO7 for and £lO6 for Smoke, s means that planters are at nt paying something between md £l5 per ton export duty h contains £1 for Copra Stab on Fund).
Fiji, on May 4. the price for was declared for that week 87 per ton for first grade, and J/6 and £FB4/12/6 for the two grades—which is probably a •ecord, or so close to it that esn’t matter. rt supplies plus assorted dis to alternate oils are the is for the immediate position, ires issued recently show that ts for 1958 in the Philippines down to 780,000 tons in com m with 1,100,000 tons in 1957; [ndonesian copra exports fell 320,000 tons in 1957 to 150,000 ast year.
Papua-New Guinea Copra . announced at beginning of hat undistributed funds in the Trading account at end of amounted to £A794,197. Dur ebruary, a distribution of £3 >n was made and the balance )unting to £520,031 in all—will id out during May. s means that the final price iy the Board during 1958 will i/2/6 for Hot air; £62/11/1 for and £6l/12/4 for Smoke. Over eriod, Fiji planters probably little better—mostly because is no export duty on copra, ing April, the copra crushing in Rabaul, which was shut in February, began operating on a part-time basis. W. R. nter and Co. in Sydney could n early May, state when the vould be operating again to apacity.