Rubber
p. 98 · Read in the full issue
Plantation
Papuan Rubber Prices
During World War 11, Papua’s rubber pro duction was controlled by the Australian Govern ment, The fixed prices paid at plantation, per lb. (Australian currency) were:—
Current Rates Since the price control on rubber was lifted, most Australian trading firms are using the Singapore day-to-day quotations as a basis when buying Papuan rubber. The Singapore Exchange gives buying prices for four grades, prices for which have fallen steadily over the past year.
Average rates ruling in June were:— No. 1 RSS, loose, 32% cents lb. (11.09 d. Aust.t No. 1 RSS, baled, 32% cents lb. (11.13 d. Aust.) No. 2 RSS, baled, 31 cents lb. (10.63 d. Aust.) No. 3 RSS, baled, 28% cents lb. (9.6 d. Aust.)
London Para.
Smoked Price on— per lb. per lb.
January 6, 1939 . ... 7d SVad July 7 . ... 7%d SVid January 5, 1940 . 13d .. 11.6%d July 5 . ... I5d .. 12%d January 3. 1941 . 13d .. 12.47 7 /ad June 6 . 16ted .. 13.5%d October 10—Price officially fixed at 13 3 / 4 d
Grade 1 Grade 2 Grade 3 September, 1943 . 1/6% 1/4 1/2 September. 1944 . 1/6% 1/5% 1/3% July. 1944 1/4% 1/3 % 1/1%