Better Prices
p. 144 · Read in the full issue
For Copra
The world copra market improved in December withS Philippine FM copra averaging i £Stg.63/17/6 per ton, comparer with the November average ok £Stg.sB/8/6.
January opened on a firm* note, and despite some fluctua h tions, the average for the montto could slightly exceed December's . average.
In Port Moresby on January ( 23, the chairman of the P-NGi Copra Marketing Board, Mr. law McDonald, said the oilseed. : market generally was full oft uncertainty, with the US soya bean complex again the crucial point.
There had also been a con siderable quantity of sunflowers oil available from the USSR and fish oil from South America and Norway.
Taken together, these seemed to provide the main reason fon the recent depressed prices inr most food oils and fats, and /ft was rather surprising to find copra and coconut oil an excep tion from the general downwards tendency.