Copra and coconut products review.pdf

Media

Part of The Coconut Journal

extracted text: THE COCONUT JOURNAL The Coconut Journal Published monthly by the NATIONAL COCONUT CORPORATION Benjamin Salvosa, Editor Pedro M. Gimenez, Business Manager Godofredo Zandueta, Associate Editor VOL I Manila, Philippines No. 11 CONTENTS ENGLISH SECTION Copra and Coconut Products Monthly Review ... 2 By E. L. Gonzales Coconut Pests And Diseases 3 By F. Q. Otanes Good Times Ahead For The Coconut Industry 6 By Bernardino Ronquillo A Practical Program for Home Industries in Baler 7 By Cenen Cajucom The Role of Coconut In Our National Defense. ... 8 By Dr. Isabelo Concepcion The Mineral and Vitamin Content of the Coconut 8 By Ruth Darby Nutritive Value of Coconut .................................... 9 By Alicia Palma Bautista Coconut Oil as Shortening ...................................... 9 By Maria Orosa Expanding Markets For Philippine Vegetable Lard and Butter ....................................................... 10 Something Out of Nothing 11 By Maria Orosa The Month in Pictures ......................................... 14-15 Coconut Journal Making Headway 19 With Our Correspondents ...................................... 19 Statistics Section 16 Question Box 21 SPANISH SECTION Tablones "Cocotex" Fabricado Del Bonote ............ 24 For Angel B. Abad Sabe listed ............................................................... 25 For M. R. Quinto De Nuestro Buzon ................................................... 25 Noticias Del Extranjero ........................................... 27 Address articles and communications to the Editor, Coconut Journal, P. O. Box 290, Manila. Subscription rates, P2.00 a year. $2.00 in U. S. $3.00 Foreign. P.20 the copy. November, 1941 Manila By E. L. GONZALEZ Bureau of Commerce COPRA.—Resecada traced an irregular course in October, with price oscillations during the month closely hinging on the availability of ware house space at local mills. But average price for the month not only made a new high for the year at P10.54, which is 6.35 per cent over September, but also exceeded the five-year (1936-1940) month ly average for October which was P7.52, or repre senting an improvement of 40.15 per cent as against the average of the preceding five year period. At the same time, October’s average this year is still the highest since August, 1937. The local market opened firm at P10.75-P11.00 in the absence of offerings, but the reluctance of holders to do business at this level did not prevent prices from gradually sliding to P10.50 in a week. On the 10th of the month, however, bids were re vised upwards to touch anew at the 11-peso mark, maintained at this point for week, following the firming up of the American market on the Japan ese Cabinet change. After considerable sales were made at about this price, local mills became hardpressed for warehouse space to cope with day-today arrivals, with the result that values shaded to P10.00-P10.25 in the succeeding days, with some buyers temporarily refraining from active partici pation in the market. At the close of the month, although the situation was fundamentally un changed, a better sentiment was felt, with Reseca da steadying at P10.25, with a strong indication that buyers might concede a little more for good sized parcels. Copra arrivals this months slackened to 758,407 bags. Despite the drop of about 10 per cent as against those of the previous month, receipts in Oc tober stood as the highest still for any year corres ponding to the same month. Cumulative receipts for the first ten months of the year amounted to 5,904,569 bags, thus breaking all precedents and the totals for any past year, with two more months to go until the end of the year. On the Pacific Coast, after F. M. M. made an advance of 10 points to 3.50 cents, buyers’ space, at about mid-October, bids sagged off to 3.35-2.40 cents, buyers’ space, the market closing at levels. Manila, buyers per 100 kilos, delivered: Opening High Low Closing Resecada .. P10.75-ll.00 P11.00 P10.00-10.25 P10.25 AVERAGE PRICES FOR OCTOBER, RESECADA PER 100 KILOS 1941 1940 1939 1938 1937 1936 1935 1934 ( Please turn to page 23) PAGE 2 NOVEMBER, 1941 WITH OUR CORRESPONDENTS ... (Continued from page 19) Nos. 1 to 4 of the Journal. Will you be good enough to send us the missing numbers? Sincerely yours, (Sgd.) BERNABE AFRICA Chairman Pinamalayan, Mindoro October 14, 1941 The Editor, Coconut Journal P. O. Box 290, Manila Sir: This is to inform you that the undersigned has received copies of the Coconut Journal for the months of March, April, July, and September, 1941 respectively, and found it to be one of the most helpful magazines in print at the present time, es pecially to the coconut growers. In this connection, as I don’t wish to lose a single copy that you have already printed, and in asmuch as my subscription begins from the time this journal comes to print, may I therefore request that I be supplied with the following issues: Jan uary, February, May, June and August, 1941. Thanking you for this favor, I am Very sincerely, (Sgd.) MATEO RIEGO “REMURE” GREGORY ROAD. Colombo, August 15, 1941 The Editor, Coconut Journal P. O. Box 290 Manila, Philippines Dear sir'. I enclose herewith draft for two (American) dollars in your favor as subscription for the Coco nut Journal for the year 1941. Please send me the past numbers forthwith and the future ones as they are published. I am a coconut planter myself and am a mem ber of the Board fo Coconut Research of Ceylon. I must congratulate you on your excellent pub lication. Yours faithfully A. F. R. GOONEWARDENE Catholic Rectory Sumilao, Bukidnon Mindanao, Philippines The National Coconut Corporation Banco Hipotecario Bldg,, Manila. Gentlemen : Along with our remittance for a year’s subscrip tion to your Journal, I include P0.04 stamps to cover mailing of the pamphlet with recipes for use of green as well as mature coconuts, as announced in COPRA AND COCONUT... (Continued from page 2) P10.54 3.02 6.88 5.52 8.94 14.25 8.66 5.50 COPRA ARRIVALS IN MANILA . This month .......................... 758,407 bags Previous month ................... 839,794 ” October, 1940 ....................... 582,229 ” COCONUT OIL.—After featuring a lead of 1/2 centavo to PO.22-1/2 per kilo in mid-October, in fluenced largely by developments in copra, the ear ly gain was erased in the second half of the month. When copra weakened nominally to P10.00-P10.25, offerings of coconut oil in Manila dropped on the 22nd to 21-1/2 centavos for a net loss of 1/2 centa vo during the month. In the American market, va lues improved 1/4 cent earlier in the month, with few scattered sales made on the Pacific Coast at 6-3/4 cents, f. o. b. tank cars. Later, in sympathy with other markets, coconut oil gradually shaded to lower grounds, touching by mid-month at 6-1/2 cents, the trade apparently upset by the Argentine Trade Pact which lowered the U. S. duty on tallow, linseed oil, and sunflower oil. With lard futures and cottonseed oil staging sharp declines, coconut oil offerings dipped further to 6-3/8 cents on the Pacific Coast, recovering later to 6-1/2 as the mar kets firmed up on the Japanese Cabinet change. At the end of the month, there were buyers at 6-1/4 cent as against sellers at 6-1/2 cents, Pacific Coast. Manila, sellers, per kilo, delivered in drums: Opening Low High Closing P0.22 0.21-1/2 0.22-1/2 0.21-1/2 COPRA MEAL.—Nothing of importance de veloped abroad. In the overseas markets, the main consideration still hinged on the shipping situation. On the Pacific Coast, quotations were nominal at $35.00 per ton. Locally, offers dropped slightly to P17.50 per ton, ex-warehouse, for a 50-centavo loss compared with the previous month. DESICCATED COCONUT.—While concern over the shipping situation continued, the base price in the American market was revised for an increase of 1/2 cent to 8-1/2 cents, the new price list taking ef fect on Monday, October 13th. Sales at the new level were slow, heavy purchases being made prior to the increase in prices. Little activity is expect ed by the trade until the end of the year. the interesting article of Miss Orosa on “Coconut as Food” in your September issue. Though we have hardly any coconut trees on this high Bukidnon territory, we are interested in your ideas and in your accomplishments for the gen eral good! Please'send us a year’s subscription of THE COCONUT JOURNAL. Enclosed is a money order for TWO PESOS (P2.00) in payment of the same. With thanks for this pamphlet and with best wishes for the further success of your work, I am, Very sincerely yours, C. HAUSMANN, S. J. Director Little Flower School PAGE 23
Date: 1941
Rights