Ands Produce
pp. 167-169 · Read in the full issue
ss otherwise stated, quotations are istralian currency. Aust. £ equals ximately 16/- Stg., NZ, or VV. i; 18/- Fiji; 20/- Tonga, Solomons & ' areas: 168 Pac. Frs.; SUS 2.20-2.30.)
Copra
British Ministry of Food 9-years ict, which governed Copra prices pua and New Guinea, Fiji, Western i. Solomon Islands, and Gilbert and Colony (and. to some extent, in and Cook Islands) expired on De r 31, 1957; since when each Terri las made its own arrangements for ion and marketing of copra.
UA-NEW GUINEA:—AII production ivered to Copra Marketing Board, lied by Government; and the Board i distribution and sales, and makes nts to the producers. Production nainly to (a) Unilever (under con covering 1958), (b) Australia (for consumption) and (c) crushing-mill haul. Prices generally arranged in ance with ruling rate in Philippines t. Unilever price: Manila FM grade with premiums up to £3A per ton )t-air dried. entatlve” Price For New Guinea January, P-NG Copra Board an :d “Tentative Prices”, from January copra delivered at main ports: Hot led, £A47 per ton; FM Standard
Smoke-Dried, £45/7/6.
:—No Government control—producers acre they wish. Bulk of copra goes ishlng-mlll in Suva, whose price arf, Suva, is announced each week.
TERN SAMOA:—Official Copra receives all production, and sells and makes payments to producers proportion goes to Unilever, at )lnes PM grade rates, plus pre up to £Stg.3 per ton for hot ied. Prices for first quarter, 1958 r dried: £Stg.4s/14/-; smoke dried £ Stg.43/19/-; No. 2: £Stg.42/19/-.
GA:—Sales are under Government i. Part of production goes to Europe arrangement with Unilever con by Philippines prices, and part open market. 3MONS: All production marketed h official Copra Board, at prices on Philippines market. February -Ist grade, £ASI/10/-; 2nd grade. 10/-; 3rd grade, £A4S/10/-. (Over)
tLBERT AND ELLICE:— Production teted in Europe through official Copra ■d, at prices based on Philippines [ less “stabilisation fund” charges, SAMOA: —Producers receive 4 cents lb. 89.6 or £A4O approx, per long ton), die bonus, if average proceeds exceed , buying price and expenses. w HEBRIDES;—Feb. 6: 7,650 Pac. ;s (about £ A44/14/9) delivered Vila/ ).
DK ISLANDS:—LocaI price is based ;stg.s4 (£NZS4/4/l) per ton, f.0.b., premium of 30/- (NZ) for top grade dried. Shipping, handling, shrinkage storage charges reduce the outer is price to about £NZ3O per ton, rate. :OA:—lslands prices are based on the for Ghana cocoa which on Feb. 5 £Stg.34o per ton, c.i.f. London.
N.G.:— Feb. 5: Good grade, £A39O, aarket likely to fall.
SAMOA; —Last season’s supplies ex ed. Nominal, unchanged, at 310.
FFEE: —P.-N.G.: Feb. 6; Top grade, 0 5/3 per lb. Hard to sell; sup of overseas coffee plentiful since ; easing of Aust. import restrictions ffee. iNUTS:—P.-N.G.: Feb. 6: Kernels Virginia bunch, in shell, large, cleaned, 1/3 per lb. del. Sydney. iBER: —P.-N.G. price is based on pore rate, which on Feb. 5 was: 1 RSS, spot, 75.71 Straits cents, id Aust. approx.) per lb. (ILLA BEANS: Victor Karp, Tulk & Sydney, reported on Feb. 6: New c.i.f., Sydney, Tahiti White and I label, processed standard packs Green 65/9 per lb.
E (Australian): —Price from May 1.
P.-N.G.: Dry brown and dressed, ) bags, 5 tons and over, £6l per r.0.w.; under 5 tons £6l/10/- per Vitamised and enriched white, 112 ?s, 5 tons and over, £67/10/- per .0.w.; under 5 tons, £6B per ton.
Pac. Islands: Dry, brown, etc., £7O m, f.0.w., Sydney or Melbourne.
RL SHELL.—February 5 quotation dependent pearlers: Sound, £A7BO; EASBS; E, £ A 405; EE, £A23O ore Sydney). Cook Is.-Manihiki. Feb. port price, £Stg.72s (approx.) f.o.b. mga. )CHUS: —Market still weak. Quotes al, NG, £ A 325; BSI, £A3IS; New ies, agent reports “No business ig”. Prices are less rejects and on Sydney weights.
EEN SNAlL:—Difficult to sell; al price £A2BO.
ondon and US Quotations
ra: —London, Feb. 5: Philippines in n eb.-Mar. SUSIBB.SO (seller). Straits/ o, fair merchantable, del. weight, UK/Nth. European port, Jan.-Feb. 68/5/- (nominal). New York Feb. 5: pines, c.i.f. US Pac. port, per ton 8.50 asked.
February, £1 Australian was equal to 2.25 US Dollars, SUSIBB.SO ore was equal to £AB3/15/6, which 16 more than the amount allowed ionally by the P-NG Copra Board, eductions from that would be freight 10/- per ton), insurance, handling, age, export duty, and stabilisation tax —perhaps £25 per ton.) mut Oil:—London, Feb. 5; Straits, bulk c.i.f. Feb.-Mar. £Stg.9B/5/nal); Ceylon, in bulk, c.i.f., fair, th. Euro, ports, Feb.-Mar. £Stg.lo7 m. ber:—London, Feb. 4: RSS No. 1, 22 5 / 8 d Stg.; Apr.-June, 23Vsd Stg.; 1958, 22V 2 d Stg.