Copra—Nobody Will
p. 19 · Read in the full issue
Hazard A Guess
Copra prices, which un expectedly went skywards in early October, came down again in November—October weekly average for Philippines FM grade, usually the basis for South Seas prices, was £Stg.94/7/6, cif (approximately £AII7 /19 / -), and for November £Stg.BB/12/6 (approximately
Caiio/15/6).
Influences affecting November prices were pin-pointed as: improvement in Philippines pro duction, with heavier shipments reaching the market; and, pre parations by the US Government to dispose of its stockpiled coconut oil.
The tendency is for lower prices—but none of the over seas experts will even hazard a guess as to the point at which the market will level out in the first six months of 1960.