NG Coffee slump
p. 116 · Read in the full issue
hits growers
Papua New Guinea has plenty of coffee but not enough coffee export stamps to allow the coffee to get to world markets, so the Coffee Market ing Board has offered to help growers by buying their coffee on a first payment basis.
Payment will be made at the rate of 14c a lb for clean, dry parchment in bags or 18c a lb for green coffee in bags ready for export. This will protect the grower who would not be forced to sell his coffee outright under the existing depressed price conditions.
The board has already approached the Australian Government for help in obtaining the best possible terms for the disposal of PNG’s coffee crop, and the board’s chairman, Mr. A. L.
Hurrell, was planning to go to Aus tralia to discuss the situation with the Commonwealth Government.
Meanwhile, the board is again registering forward contracts for ship ment in the April-September period, but this will be to a limited extent.
The International Coffee Organisation is to be asked to make known its attitude to the provision of export stamps for the six-month period.