Islands Produce

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WPHC areas; 140 Pac. Francs; SUS 2.23.)

Copra

Price negotiated between British Ministry of Food and British South Pacific Terri tories for 1957 was £Stg.s4 FOB mam ports—a drop of IVz per cent, on the 1956 price. Stabilisation and other charges re duce actual producer price.

PAPUA - NEW GUINEA:—Approx: Hot Air £ A57/16/-; FMS (sun-dried) £ A57/2/-; Smoked, £AS4/11/-.

FIJI: —Plantation grade £FS2/5/6; FMS £FS2.

W. SAMOA;—Sellers; 22/6-23/6 per 100 lbs. Exporters; £S4I and £S47 f.o.b.

Apia, for two grades.

E. SAMOA: —Producers receive 4 cents lb. (SUSB9.6 or £A4O approx, per long ton).

Periodic bonus, if average proceeds exceed Govt, buying price and expenses.

SOLOMONS: —Honiara/Gizo Yandina: Ist grade, £56; 2nd £52; 3rd £45, NEW HEBRIDES:—Buying price on May 11 fell from 6,000 Pac. francs (£A42) delivered Vila/Santo to 5,750 Pac. francs (£ A4O/5/-). European price, July 8. 67,000 Met. francs (£AB4/4/- approx.) c.i.f. per short ton.

NEW CALEDONIA; —Noumea, Feb. 20; 7,250 Pac. francs (£ASO).

FRENCH OCEANIA;—Recent prices were: Top grade 10.50 Pac. francs per kilo (£A62/15/- per long ton) f.0.b., Papeete; lowest grade 5.35 Pac. francs (£A39).

TONGA;—A Grade. £TS2/5/-; B Grade. £T46/5/-.

COOK IS.: —Local price is based on £NZSB/14/4 (£Stg.sß/10/-) per ton f.0.b., in bulk. Outer islands copra producers receive approx. 3'/id NZ per lb. equal to £ NZ3O per ton.

COCOA:—lnlands prices are based on the rate for Accra cocoa which on July 8 was £ 5tg.239 per ton, c.i.f. London.

P.-N.G.;—Good grade £A245 ex wharf.

Sydney.

W. SAMOA:—JuIy 5: £Stg.23s f.o.b.

Apia.

COFFEE:—P.-N.G. July 8: Quote No. 1— Top grade 6/7 per lb; Quote No. 2—6/4.

PEANUTS:—P.-N.G., July 8; Kernels 1/6V2-1/8; Virginia bunch, in shell, large, well cleaned, 1/4-1/5 per lb. del- Sydney: other 1/2-1/3 del. Sydney.

RUBBER:—P.-N.G. price is based on Singapore rate, which on July 5 was;' No. 1 RSS, spot, 91 7 /s Straits cents (33d Aust. anprox.) per lb.

VANILLA BEANS: Victor Karp, Tulk & Cos., Sydney, reported on July 8: New crop, c.i.f. Sydney, Tahiti White and Yellow label, processed, standard packs, 59/-, Green 57/- per lb.

RICE (Australian):—Price from May 1, 1957 —P.-N.G.: Dry brown and dressed, 112 lb bags, 5 tons and over, £6l per ton, f.0.w.; under 5 tons £6l/10/- per ton. Vitamised and enriched white, 112 lb bags, 5 tons and over, £67/10/- per ton, f.0.w.; under 5 tons, £6B per ton.

Other Pac. Islands: Dry, brown, etc., £7O

per ton, f.o.w., Sydney or Melbourne. I PEARL SHELL.—Prices between the majority of the Torres Strait produce® and Otto Gerdau Co. (USA) for 1956 (1957 prices not yet made public) we«i i.e.: Sound, £A736; D, £A390; E, £A30« EE, £A225; all f.o.b. Aust. ports; July® 1957, quotation by independent pearler!

Sound. £A865; D, £A650; E, £A450; E* £ A255. Cook Is.-Manihiki: July 8. lool shell on beach, £Stg.448 per long tod Export price, £Stg.700 f.o.b. RarotonJ Tuamotus: 175-185 Pac. francs per kite (£A1,000-£A1,060 per long ton) f.o.| Papeete. ■ TROCHUS; One Sydney agent on JuH 8 quoted: N.G. £A350, B.S.I., £A355, boi ex-wharf, Sydney. Along with another agel he was unable to quote for N. Heb. Th| second agent could not quote because 9 had not received any orders.

GREEN SNAIL: Quote No. 1, July J SW Pacific, in store, Sydney, £A37l subject to rejects.

London And U.S. Prices

Copra:— London, July 8; Philippines, I bulk. July/Aug. $167.50 (seller); Strai* Borneo, fair, merchantable, del. weigh!

United Kingdom-North European port July/Aug. £Stg.63 (buyer), £Stg.63/51 (seller). New York, July 8: Philippini c.i.f., U.S. Pac. Coast ports, $151 i asked Coconut Oil; —London, July 8; Ceylon, I bulk c.i.f., United Kingdom-Nth. Europe! ports, July/Aug. £Stg.95/10/- (selled Straits. crude, c.i.f., bulk, July/Ata £Stg.90/5/- (seller). J Cocoa:— London, July 1: Accra July/Sd shipment £Stg. 238/15/-, c.i.f. Liverpod Oct./Dec. (new) £Stg.238/15/-, c.i.f. L’po< Rubber:—London, July 5: Spot buyei Stg.27y 8 d lb. c.i.f. Oct./Dec. 27V4d.