Cocoa and Coffee
p. 143 · Read in the full issue
[?]wer Prices for All Cocoa and Coffee
lERE was some confusion in the I Sydney cocoa market in early September. Accra (W. Africa) e. on which world cocoa prices usually based, was quoted on tember 6 as £540 (approx.) c.i.f.
Continental ports. NG cocoa, ch is usually quoted at £3O-£6O »r than Accra, on September 1 £550 per ton, with no forward s. This is a fall of about £3O [i last month, but still close to ra. tie vastly reduced Accra price cates buyer resistance, and d probably be explained by re is from the Gold Coast that the Accra crop is expected to ex [ previous estimates. The new » is already being offered for aary-March shipment at £550 irox.) c.i.f. ton main Australian s. a August 24 it was officially de ed that the value per ton of a exported from Papua and New iea during September would be , (This is the figure on which >rt tax is calculated), ivernment valuations for rubber copra are as follows: — ibber: Grade 1,2 s per lb; Grade > per lb; Grade 3, 1/11 per lb; lings, 1/11 per lb; scrap, Is. lb. >pra: Hot-air dried, £75 per ton; dried, £74 ss. per ton; Smoke 1, £7l 10s. per ton.
Increased Native
Plantings
itive plantings of cocoa in the elle Peninsula area of New ain, which last year produced ins (or 10 per cent, of the total itory output) now total around )00 trees yielding 1,500 tons a at full bearing, ost of the trees are still im are, and a big increase in pro ion is expected within the next years. itive planting began in the dis in 1948. The size of individual 3 now ranges from the legal imum of 500 trees (approxi gly 2 h acres) to as much as 15 s. Native producers are being airaged to process and market r output through central fer taries to ensure proper process and uniform grading. Two ve-owned fe.rmentaries are idy in operation and three more be completed shortly.
Coffee, Too
IPORTS in Sydney indicate that the overseas price for coffee had fallen by £lOO Stg. in the three cs prior to September 7. Prices New Guinea coffee, however, ; quoted on that date at 7/3 per vhich is equal to about £BOO per