The Copra Outlook
p. 45 · Read in the full issue
As NG Sees It
Although copra consumers are working hard to talk the market down, February copra prices will probably hold around the present higher levels.
THE Papua-New Guinea Copra Market Board reported this in its January survey of the market.
The report said the Philippines had further typhoon damage during the month and copra supply was upset. The average production for the next three years in the affected areas, which comprise roughly 20 per cent, of total Philippines pro duction, will be off as much as 80 per cent. There will be a gradual improvement at the beginning of next year until normal production is regained in the latter part of 1962. The total fall off in the Philip pines looks like being around 16 per cent, of the overall production this year at least.
In Indonesia the Government has suspended indefinitely all copra ex ports except from one district where not a great deal of copra is pro duced. It’s reported the reason for the ban is to see there is suf ficient for home consumption.