Pacific Islands Monthly
The news magazine of the South Pacific · since 1930
Pacific Islands Monthly, 1 May 1971Vol. 42, No. 5

Downward trend

p. 95 · Read in the full issue

Page 9595

in copra market

Mr. K. G. Oliver, general manager of the P-NG Copra Marketing Board, gave the following report on the world copra market in Port Moresby on April 21: The March monthly average of the daily prices declared by the organisa tions concerned resulted in a down ward variation of 5A5.06 when com pared with the average for February.

This is indicative of market trends in oils and oilseeds which have con tinued to slide since the commence ment of April. The variations have been only small but the trend has been downwards and the main reason for this seems to be a ready availability of supplies in most of the oils and oilseeds.

Offers of Philippine/Indonesian copra have been plentiful, and with reports of greatly increased produc tion in each of those areas this year the market has remained depressed particularly for the lauric items.

Early April brought consumer offers at SUS2OS, falling away to SUS2O3 a little later.

Digitised by the National Library of Australia · OCR text via GLAM Workbench · uncorrected OCR, expect errors
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