Seeking Cocoa
p. 89 · Read in the full issue
Australia Is Now
Coffee And Peanuts
FMPORT restrictions in Australia L have created there a keen demand or coffee, cocoa and peanuts from lie unrestricted Papua-New Guinea larket. Imports of coffee and cocoa rom other sources have been cut to 0 per cent, of the “base-year” re tirements; so the other 40 per cent, ow are being sought in Australian 'erritories.
Importers state that an excellent rade ©f Robusta coffee is being ch ained from New Guinea; but they mphasise, for the benefit of any new xporters entering the field under the resent market stimulus, that the pro uce must be shipped in clean, un ainted sacks. Jute flour bags, which re said to be available to the trade 1 the Territory, are ideal and have een approved as satisfactory by the )epartment of Agriculture.
Importers also stress that prices aid are according to quality. They oint out that a number of traders ealing in native-grown coffee are mding the produce forward in an ncleaned and unhusked condition. l little extra work in shipping the offee in a marketable condition ould pay traders through the better rices realised.
Peanuts are also coming forward om New Guinea; but although the uality is readily saleable, samples Jen in Sydney certainly did not com are with Kingaroy (Q), or Northern iyers (NSW) peanuts, which are ringing l/6d per lb. in shell, f.o.b. risbane. Nevertheless, the demand keen and New Guinea peanut rowers will find a ready sale for ieir produce at prices depending on le availability of the Australian crop.
Cocoa and coffee prices are quoted n the last page of this issue.