Islands Produce
p. 152 · Read in the full issue
(Unless otherwise stated, quotations are In Australian currency)
Copra
(The following are based on the MOF contract prices for 1953 in the Territories named.) PAPUA-NEW GUINEA.—Copra Market ing Board rates: Main ports, Hot air, £7O per ton; FMS. £69/5/-; Smoked. £66/10/ —at main ports (except Kokopo, where rates are 17/6 less). Sydney crushers pay: Plantation Hot-air; £9l; FMS, £9O/15/-; Smoked, £9O/2/6.
FIJI.—At Suva and Levuka, 1953: Plantation grade (60 points and over)
£F66/5/6 per ton; FMS (45-57y 2 points) £FO6; other grades £F64/15/- - £F62/15/-.
W. SAMOA.—MOF contract is £ Stg.6s per ton, f.0.b., Western Samoa; producers receive about £lO less.
BSl.—Prices based on MOP contract of £Stg.6s, per ton, f.o.b. Rates to pro ducers are: £A62/3/4 per ton, delivered Honiara: £A63/3/4, delivered Tulagi or Yandina; £A62/18/4, delivered Gizo.
NEW HEBRIDES.—Recent quotation: 93 Metrop. francs per kilo in store, Marseilles (£AI2O approx, per long ton).
FRENCH OCEANIA.—Tahiti: 10.25 francs per kilo (£ A74/6/- per long ton); Tuamotu 10.80 francs per kilo per long ton).
COCOA.—lslands prices are usually based on rate for Accra cocoa (W.
Africa), quotation (from Colyer Watson Ltd., Sydney) for which on August 4 was £Stg.27s (£A343/15/- approx.) c.i.f., ton, Cont. ports.
N.G. — £295 approx, per ton, in store, Sydney.
New Hebrides. —Sales to France recently brought: 255-260 Metrop. francs per kilo (£A329-£A332 approx, per long ton) for Superior grades; average grades, 240 Metrop. francs per kilo. (£A3O9 approx, per long ton); all in bond Marseilles.
Samoa. —Sydney agents in August quoted Samoan cocoa at £ Stg.26o (£A325 approx.) f.o.b. per ton, first grade. (Samoan currency equals Stg.) COFFEE.—lslands prices ruling in Aug. were; Papua-N.G.—Few sales in Sydney lately; first of new season’s crop expected to arrive shortly. Most recent price was (nominal) 5/6 per lb. (£616 per ton).
New Caledonia.—Crop mainly ex ported to France. Recent quotation was 398 Metrop. francs per kilo (£ASI3 approx, per long ton).
RUBBER. Papua-New Guinea.—Market fluctuates from day to day, based on price ruling in Singapore. Quotation on Aug. 1 was: 28%d Aust. lb. Singapore rate August 1 No. 1 grade RSS (sellers) spot 61%c lb. c.i.f. (approx. 26’Ad Aust. lb.).
VANILLA BEANS.—Sydney nominal quotations (by Victor Karp, Tulk & Co.): Tahiti: White Label, 29/-, Yellow, 29/-, Green, 28/-, all per lb, c.i.f. Sydney. No supplies available at present.
RICE.—New season’s (1953-1954) price: Papua-N.G.— Dry brown £9O per ton;
Dressed £96 per ton. Other Pacific Is. except NZ dependancies, £9O per ton.
DESICCATED COCONUT.—No supplie available in Sydney at present owing U ban imposed by Dept, of Public Health Recent quotations were: Ceylon, 1/6 Stg per lb. spot, delivered to store, (l/10y 2 Aust. per lb.). New Guinea, 2/5 1 / lb. spot, delivered in store, Sydney.
PEARL SHELL.—Prices fixed betweer Torres Strait producers and Otto Gerdai Co. (USA) for 1953-1954: AA/A/B grades 85c lb. (£ABSO approx, per long ton); C 80c lb. (£A800); D, 55c lb. (£ASSO); E 40c lb. (£A400); EE, 30c lb. (£A3OO)all c.i.f., New York. No change fron last season. Manihiki blacklip.—Americar market firm at 35-37 cents U.S. per lb. f.0.b., Rarotonga; producers currently re ceive 1/9 lb. Aust. (approx. £AI96 lorn ton). Tuamotu blacklip.— £ASOO f.o b New York; divers receive 47 Pac. francs per kilo. (£A336 per long ton) on beach TROCHUS SHELL.—Sydney quotations ex wharf. 8.5.1., £AI4O per ton; N.G. £ Al7O-£ Al9O per ton; New Hebrides £AI2O f.0.b.; Fiji, £AI6O f.o.b.
GREEN SNAIL SHELL.—Sydney agents recently quoted: N.G., No. 1, £AIBO - No. 2, £A7O-£ Aloo—per ton ex wharf. 8.5.1., £ A2OO per ton, ex wharf N.H., £ A2BO approx, per ton.
PEANUTS.—P-N.G., recent sales in Sydney brought 1/6 per lb.
London Prices
London. June 11.
Copra, c.i.f., Continental Ports, ton— New Hebrides 89,000 Metrop fr (£AII4/17/- approx.) Tahiti 92,500 Metrop. fr. .. (£AII9 approx.) FM Straits, June-July . .. £Stg.Bl/10/- (£AIO3/0/6 approx.) Ceylon, F.M.S Nominal Philippines, bulk US$2lO , (£A93 approx.) Coconut Oil, c.i.f., ton;— FM Straits, 3 J / 2 % drums .. .. £Stg.l29 . . „ (£AI6I/5/- approx.) Ceylon, bulk £Stg.l22/10/- „ (£ A153/12/6.) Cocoa, per 50 kilos, c.i.f., Nth Con tinental Ports;— Accra, June-August £Stg.l4/2/6 ( £ A282/10/- approx, per long ton)