Lower Plantation
p. 21 · Read in the full issue
Incomes in 1961
The average UK c.i.f. price for copra during February was £Stg.62/17/6 and this was £Stg.l/12/6 better than last month. During February, prices recovered from the low point of January and on February 10 were over £Stg.64. Unhappily they dropped again towards the end of the month.
All in all, 1961 could be a crucial year for all planting in the South Pacific. Copra, cocoa and rubber prices have all dropped and coffee prices also remain low. At the same time cost of production in all of these industries tends to rise all the time —especially in Papua- New Guinea where all these in dustries are important.
Labour costs are going up and so are many plantations ’ supplies.