Desiccated coconut

Title

Desiccated coconut

Creator

Hick, Howard R.

Language

English

Source

The American Chamber of Commerce Journal Volume XXIV (Issue No.5) May 1948

Year

1948

Rights

In Copyright - Educational Use Permitted

Fulltext

May, 1948 AMERICAN CHAMBER OF COMMERCE JOURNAL 173 Desiccated Coconut By Howard R. Hick ' President and General Manager Peter Paul Philippine Corporation THIS report covers the period from March 1 to April 15. Raw-material procurement was difficult during the first half of March and most factories worked at less than full capacity. The total poundage shipped during March was 7,803,840 lbs., or about 2,000,000 lbs. under present milling capacity. Nut prices remained much above copra equivalents during early March but during the later part of the month, raw-nut prices remained constant while copra advanced to P56 per 100 kilos, resecada, thus bringing nut prices more in line with copra figures. The first two weeks of April, copra continued to rise, reaching P61, while nuts remained the same. This was a healthier condition and increased nut supplies aided ap preciably in stabilizing this copra—nut parity. Expansion plans throughout the industry are quite apparent and the newest producer to enter the field is Tabacalera, with a shipping figure of 120,000 lbs. for March. The Canlubang Sugar Estate resumed operations for a onemonth period after a two-month shutdown, packing its desiccated coconut for the Peter Paul Philippine Corpora tion. Increased nut supplies, offset by copra price-increases, have kept the nut price firm as of the end of this period. The following are the shipping statistics for the month of March: Blue Bar Coconut .Products Co.................... Cooperative Coconut Products...................... Franklin Baker Co.............................................. Isabelo S. Hilario................................................ *Peter Paul Philippine Corp............................ Philippine Desiccated Co................................. Red V Coconut Products Co......................... Standard Coconut Corporation..................... Sun-Ripe Coconut Products........................... Tabacalera.............................................................. 1,475,200 lbs. 323,480 lbs. 2,395,460 lbs. 126,000 lbs. 2,070,000 lbs. . Shipped by Blue Bar 541,700 lbs. 100,000 lbs. 652,000 lbs. 120,000 lbs. LAGOTEX (No. 599—Black) RESISTS TERRIFIC HEAT STRONGEST ACID AND ALKALI SOLUTIONS GALVANIC ACTION WATER FRICTION Total.............................................................. 7,803,840 lbs. *1,300 bdgB of total shipment made by Peter Paul Philippine Corporation is of Canlubang Sugar Estate production. Manila Hemp By H. Robertson International Harvester Company of the Philippines THIS review covers the period of March 15 to April 15. During this time, prices of all qualities of hemp ad vanced both in the Philippines and in consuming mar kets. The determining factor in this advance was the heavy SCAP purchases on March 18 with the probability of fur ther buying by SCAP at a later date—rather than any keen demand from United States consumers. Sales of Davao "I” were made to SCAP at P135 per bale f.o.b., Davao “JI” at P131, Davao “G” at P116.50; non-Davao “I” at P122, non-Davao “JI” at P102, and non-Davao G at P90. The market in Davao and elsewhere in the Philippines ruled firm throughout the period. Dealers showed little desire to operate and held off successfully for higher prices. Davao “JI” basis loose, closed at ?60 per picul, for an advance of ?8 over the period. In non-Davao districts, “JI” closed at P46 per picul loose, with “J2” at P31, show ing advances of P6 and ?5 respectively. Corresponding advances were recorded in other grades. The United States market remained quiet but steady, with buyers showing no marked interest. The decreased RECOMMENDED FOR SMOKESTACKS and all surfaces exposed to heat FACTORY BUILDINGS to protect steel against acids and fumes. STEEL LIGHTERS operating in relatively fresh water where “fouling” is not severe For all particulars apply to BOWEN & CO., INC. 940 Lepanto, Manila Tel. 2-82-55

pages

173

Media