Copra
p. 106 · Read in the full issue
Prices During World War II The copra market was controlled by Govern ments from outbreak of war in 1939 until the end of the war in 1945. Some controls are still being exercised in the post-war period.
Fiji Local Buying Price, in Store, Fiji Currency.
From January 1, 1949, the British Ministry of Food is buying Fiji copra at the above fixed price. For each subsequent year until 1958, the price will be adjusted by negotiation.
New Hebrides Prom a maximum of £7O/12/6 (Aust.), per ton, in 1948, the price of New Hebrides copra firmed in mid-1949 to around £ASB per ton.
Western Samoa Canadian buyers in mid-1949 paid £53 (£66 Aust.) per ton in Apia for Samoan copra.
Samoa has a ID years’ contract agreement with the UK Government, thereby stabilising the industry.
Territory Of Papua-New Guinea
ANGPCB Fixed Price. Delivered to Ship’s Slings or to the Board’s warehouse.
Official Price for P-NG Copra sold in Sydney:
Australia has agreed to sell a proportion of P-NG’s copra production annually to the UK Ministry of Pood, for a period of nine years, at fixed prices. For 1949, the price to the UK will be £4B Stg. per ton, f.0.b., Territory ports;
the price for each subsequent yeat will be adjusted by negotiation. Territories’ planters, during 1949, are receiving £4B Aust. per ton for this copra.
Rubber
During World War 11, Papua’s rubber pro duction was controlled by the Australian Govern ment.
Since price control on rubber was lifted, most Australian trading firms use the Singapore day-to-day quotations as a basis when buying Papuan rubber. The Singapore Exchange gives buying prices for four grades and average rates ruling in October were:— No. 1 RSS, loose, 43% cents lb. (15.39 d. Aust.) No. 1 RSS, baled, 43% cents lb. (15.39 d. Aust.) No. 2 RSS, baled, 43V4 cents lb. (15.05 d. Aust.) No. 3 RSS. baled, 39% cents lb. (13.89 d. Aust.)
Plantation
Fms
June, 1942 £16 0 0 £15 0 0 July, 1942 16 12 6 15 12 6 June, 1944 19 10 0 18 0 0 October, 1944 .. .. 20 0 0 18 10 0 December, 1945 19 7 6 17 17 6 January, 1946 .. 18 5 6 18 0 0 August, 1946 . . 23 10 6 23 5 0 February, 1947 . .. 29 15 6 29 10 0 June 9, 1947 .. 36 19 0 36 13 6 December 8, 1947 . 38 5 6 38 0 0 March 15, 1948 .. 46 5 6 46 0 0 January 1, 1949 .. 49 10 6 49 5 0
Hot-air Smoked Jan. 7, 1947 ... £28 0 0 £27 0 0 June 17, 1947 . .. £31 2 0 Nov. 23, 1947 . .. £35 10 0 April 8, 1948 ... £40-£45 January 1, 1949:-- „ .
Ft. Moresby . £48 00 £4i76 Samarai ... £48 0 0 £47 7 0 Madang ... £48 0 0 £47 7 6 Rabaul ... £48 0 0 £47 7 6 Kokopo . . . • £46 17 6 £46 5 0 Kavieng ... £45 17 6 £45 5 0
Hot-air Dried Smoked January, 1947 . .. £36 10 0 £35 10 0 July. 1947 . .. .. £51 5 0 £50 5 0 April, 1948 . . .. £61 0 0 £60 0 0 April, 1949 • . . .. £66 0 0 £65 7 6 May, 1949 . .. .. £66 10 0 £65 17 6