LOW PRICE OF COPRA
' Producers of copra are unable to explain why therehas been a sudden drop in the market price,, according to Mr Harold;T. Coldham, coconut planter, of Witu, a group of islands, 200 miles from Rabaul, who passed through Sydney ■ recently on' the Dutch. motor-ship Swartenhondt,' ' Mr. Coldham- said that, in the last six months oversea freights on copra had.risen by £ 1 10s sterling a ton, but the London price had dropped from £23 a ton in January last year, to £13 a ton, the .present average, price. Mr. Coldham, whose plantation at Witu occupies about 1100 acres, producing 43 tons of copra a month, said that growers were unable to suggest any remedy. "We have been crying about the price of copra for the last eight years,!' said Mr. Coldham. "London brokers have reported thatthey are trying to obtain copra, but they cannot buy it, and yet every bit of copra that is being produced is being sold."
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Bibliographic details
Evening Post, Volume CXXV, Issue 28, 3 February 1938, Page 12
Word Count
161LOW PRICE OF COPRA Evening Post, Volume CXXV, Issue 28, 3 February 1938, Page 12
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