1670 · Africanyear only
French buyers raise the price of a person by half in a single season
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Prices on this coast were quoted in the local currencies, cowrie shells and iron bars. Through the middle of the century a person at Allada cost about 100 pounds weight of cowries and nine to twelve iron bars, and the figure had drifted downwards in the late 1650s during a slump. In 1670 two ships of the new French company, the Concorde and the Justice, arrived and loaded 997 people between them. The French bid the price up by half, from twelve iron bars to eighteen. The king told them plainly why supply was tight. The Dutch were already sending more ships than could be filled, and some had gone away the previous year with nothing aboard. The rise did not hold. By 1675 English buyers were paying ten bars and 78 pounds of cowries, lower than in 1663, because the trade had collapsed again in the intervening war.