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Recent And Future Developments In The Copra Market In The South Pacific

Over the last 5 years, we've witnessed a full and in some cases, partial deregulation of the copra market in various South Pacific countries. For some, such as Fiji, deregulation has had a positive impact - at one stage almost doubling the price for each metric tonne of copra. Whilst in some smaller, outlying countries, deregidation has been beneficial but had no major positive impact on the market. In this presentation, Geralyne Yee, one of the Directors of Commodity Traders (Fiji) Limited that holds the unlimited copra exporter's license for Fiji and Vanuatu and an exclusive contract with Kiribati, examines the deregulation of the copra market in the major copra producing countries in the South Pacific - Papua New Guinea (PNG), Vanuatu, Solomon Islands, Fiji and Kiribati. Smaller copra producing countries such as Marshall Islands, Tuvalu, Samoa and Cook Islands are also discussed briefly. She also looks at some of the common problems (lack of shipping, labor shortage and other cash crops) that are prevalent across most South Pacijic copra producing countries and gives some pointers on future directions for the market.

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