Coffee and Kapok.
p. 47 · Read in the full issue
Many planters in New Guinea and Papua are experimenting with coffee and kapok, with an eye on the Australian market, and we have arranged to publish Australian quotations in future. New Guinea and Papuan coffee, entering Australia, would be free from duty and exchange.
The following quotations were given on September 16: —
Coffee,
Robusta, f.a.q., imported from Java, on firm conversion of exchange, October, 1933, shipment, c.i.f., Sydney, per cwt., 39/6.
Robusta, as above, based on 12 gulden to Aus tralian £, fluctuations at date of shipment on buyer’s account, 26/3.
Arabian (Aden) Hodeidah No. 1 (pure), c.i.f., Sydney, September shipment, per cwt., 63/6.
Kenya Triage, Longberry Harrar, Sept./Oct. shipment, No. 1, 68/-; No. 2, 56/-.
Importers of Robusta coffee from Java pay the following charges:—-As above, per cwt., 39/6, re mitting 25½ per cent, exchange, 9/10; duty, 4d. per lb., 37/4; primage, 10 per cent., 3/11; land ing charges, 1/-; total, 91/7 per cwt., equal to 9¾d per lb., landed cost. Coffee imported from Papua and New Guinea would escape exchange and duty equal to 47/2 per cwt.
Kapok.
Australian supplies now imported from Java.
Based on an exchange conversion of 9 guldea to Australian £, the Australian c.i.f. prices current in mid-September were, per lb.: Prime Samarang, pd. ; prime Japara. 5½d.
Cocoa.
Accra, good fermented, 29/9 per cwt.
Owing to the collapse of the Mar seilles market, the gap in price between smoked and sun-dried copra widened, on August 10/-, from 5/- per ton to over 20/- per ton. Smoked is now practic ally unsaleable.