Desiccated coconut

Title

Desiccated coconut

Creator

Hick, Howard R,

Language

English

Source

The American Chamber of Commerce Journal Volume XXVIII (Issue No.1) January 1952

Year

1952

Rights

In Copyright - Educational Use Permitted

Fulltext

January, 1952 AMERICAN CHAMBER OF COMMERCE JOURNAL 19 of November, gradually receded during the month, closing at P140, P145, and P160-P165, respectively. This gra dual price recession was partly attributed to lack of buying support from dealers, who purchased only in limited quan tities in order to fill immediate requirements with the approach of the inventory period, and to the intermittent presence of price-weakening factors, particularly, the in clement weather. However, the log-bid of the Japan Logis tic Command of SCAP, offering to buy 441,000 bd. ft. of dungon, yakal, bitaog, lamog, makaasim and/or saplungan logs, veneer or peeler log No. 2, and 1,900,000 bd. ft. of lumbayao, tangile, almon, bagtikan, and/or mayapis logs, veneer or peeler log No. 2, which was set on December 26, 1951, may boost local prices of lumber during the months to come. Desiccated Coconut By Howard R. Hick President and General Manager Peter Paul Philippine Corporation THIS report covers the period from November 15 to December 15, during which the industry was working at approximately 55% capacity. The copra market was depressed and nuts were plentiful for desiccators and at almost the lowest prices for the year. Large inventories in the United States as well as the slow movement of the market contributed much to the dull production and little relief is in sight for the remainder of the year and possibly the first quarter of 1952. The following are the shipments for the month of Peter Paul Philippine Corporation................... 1,059,100 Red V Coconut Products, Ltd........................... 1,601,200 Sun Ripe Coconut Products, Inc...................... 864,000 Standard Coconut Corporation.......................... 112,800 Cooperative Coconut Products, Inc................. 245,100 Tabacalera.................................................................. Coconut Products (Phil.) Inc............................. Total........................................................... 8,357,760 'Zamboanga Factory Production..................... 196,400 lbs. Lusacan ” ” ..................... 1,002,160 " 1,198,560 lbs. Manila Hemp By Fred Guettinger Vice-President and General Manager Macleod and Company of Philippines PRESSINGS in November declined to 58,696 bales and were 6,762 bales under the production of the previous month. Davao accounted for 36,666 bales, or approximately 63% of the total. The 1951 production up to the end of November amounted to 914,762 bales, as against 680,879 bales for the same period last year. The following are the comparative figures for pressings for the first 11 months of 1947 through 1951: — January-November Inclusive Balings 1951 Davao...................... 455,354 Albay, Camarines and Sorsogon.... 221,184 Leyte and Samar... 149,951 All other Non Davao.................... 88,273 Total bales............... 914,762 1950 1949 346,300 199,258 154,009 102,952 111,567 94,475 69,003 66,529 680,879 463,214 1948 1947 185,820 329,981 151,750 222,630 100,108 94,037 102,902 84,853 540,580 731,501 Exports in November amounted to 55,927 bales and were divided as follows: November, 1951: Shippers Pounds Franklin Baker Company.................................... 3,277,000 Blue Bar Coconut Company.............................. 1,198,560*

pages

19

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