Islands Produce
p. 169 · Read in the full issue
i otherwise stated, quotations are tralian currency. Aust. £ equals Imately 16/- Stg., NZ, or W. ; 18/- Fiji; 20/- Tonga, Solomons & areas; 168 Pac. Frs.; SUS 2.20-2.30.)
Copra
British Ministry of Food 9-years st, which governed Copra prices ua and New Guinea, Fiji, Western Solomon Islands, and Gilbert and Colony (and. to some extent, in and Cook Islands) expired on De -31. 1957; since when each Terrl as made its own arrangements for on and marketing of copra.
JA-NEW GUINEA:—AII production vered to Copra Marketing Board, led by six members, including three s’ representatives: and the Board distribution and sales, and makes its to the producers. Production lainly to (a) Unilever (under con :overing 1959), (b) Australia (for onsumption) and (c) crushing-mill jaul. Prices generally arranged in ince with ruling rate In Philippines , with premiums for hot-air dried. , January 1, 1959. P-NG Copra announced ‘Tentative Prices”, for ielivered main ports: Hot-Air Dried, per ton; FMS. £AS4 per ton; Dried £AS3/7/6 :—No Government control—producers lere they wish. Bulk of copra goes ishing-mill in Suva, whose price arf, Suva, is announced each week. :il 6, prices were, HAD, £FBI/5
£Fbo/10/-: Fm2, £F79/2/6.
STERN SAMOA;—Official Copra receives all production, and sells and makes payments to producers. proportion goes to Unilever, at lines FM grade rates, plus pre up to £ Stg.3 per ton for hot ied. Prices announced in March. ;o operate till further notice: Hot ied, £867/13/8 per ton; sun-dried £ 565/3/8: sun-dried. No. 2.
L3/8.
GA:—Sales are under Government I. Part of production goes to Europe, arrangement with Unilever con by Philippines prices, and part open market.
OMONS:—AII production marketed h official Copra Board, at prices on Philippines market. Price de- April: Ist grade, £A7S; 2nd £A73; 3rd grade, £A69 per ton, BSIP ports.
BERT AND ELLlCE:—Production ted in Europe through official Copra , at prices based on Philippines less “stabilisation fund” charges, \MOA;—Producers receive 4 cents lb. 1.6 or £A4O approx, per long ton), ic bonus, if average proceeds exceed buying price and expenses. r HEBRIDES:—On March 31. local : price rose to £A69 per ton, de i Vila/Santo. On same date, price 16,750 Metrop. francs per metric ton, Marseilles.
K IS./NIUE/TOKELAU: Price fixed rst half of 1959, by Abels, Ltd-, of ind, who mill it, was announced in iry as follows: Standard Grade: S/15/6 plus £1 for bags, plus premium, totalling £NZ69/0/6.
Grade: £NZ66/15/6 plus £1 for plus £l/5/- premium, plus £l/5/- 1 premium for hot air dried, total iNZ7o/5/6, f.0.b., Rarotonga.
Other Produce
COCOA:—lslands prices are based on the rate for Ghana cocoa which, on April 8 was £ Stg.2B3/10/- per ton. c.i.f., London.
W. SAMOA:—Nominal price quoted in Sydney April 8, £S2BS, f.0.b.. Apia.
P.-N.G.: April 8, £A335 ex-wharf.
Sydney.
COFFEE:—P.-N.G.: April 9, 4/1% per lb c.i.f. Sydney, was generally quoted.
Early April, quotes for Kenya coffee were: A grade, none available; B grade. £ Stg.44o; C grade. £ 5tg.373; under gradings, £ Stg.29o: all per ton. c.i.f , Sydney.
PEANUTS;—P.-N.G.: April 9: Kernels 1/9 lb ex-wharf; virtually no sale in Sydney at present for nuts in shell nominal price, 1/1 lb.
RUBBER:—P.-N.G. price is based on Singapore rate, which on April 7 was: No -1 RSS. spot, 92(s Straits cents per lb (31,98 d Aust.).
VANILLA BEANS: Victor Karp, Tulk & Co.. Sydney, reported on April 9: New crop, c.i.f., Sydney. Tahiti White and Yellow label, processed standard packs 73/-. Green 71 RICE (Australian):—Price from May 1, 1958—P.-N.G.: Dry brown and dressed, 112 lb bags, 5 tons and over, £6l/10/per ton. f.0.w.: under 5 tons £62 per ton. Vitamised and enriched white, 112 lb bags, 5 tons and over. £6B per ton, f.0.w.; under 5 tons, £6B/10 - per ton.
Other Pac. Islands; Dry. brown, etc., £7O per ton, f.0.w.. Sydney or Melbourne.
PEAR!. SHELL.—ApriI quotations by independent pearlers were; Sound. £A7SO; D, £ASSO; E, £A225; EE. £AISO (in store Sydney). Manihiki lagoon still closed: Penrhyn, £Stg.4ls, f.0.b., Raro tonga, nominal.
TROCHUS: —No demand at present— nominal £A32O, ex-wharf, Sydney.
GREEN SNAIL:—SmaII parcel from N.G. sold at £A36O per ton. ex-wharf, during the month.
London and US Quotations
Copra: London. April 3, Philippines in bulk. $262. c.i.f. UK/Nth. European ports.
Straits Borneo. FMS. del. weights, c.i.f
UK/Nth. European ports/ £ Stg (93715/- New York: April 3, Philippines $260. c.i.f.. Pacific Coast ports. (£1 Australian is equal to about 2.25 US Dollars.) Coconut Oil:—London, April 3, Ceylon in bulk. £SI3B/10/-. per ton, c.i.f., UK, North European ports. Straits/Borneo £Stg.l33/10/- per ton c.i.f.
Rubber; London, c.i.f., April 7, RSS No. 1, spot, 27 , / 8 d Stg. per lb; July-Sept.. 27V 2 d Stg. per lb; Feb.. 1960. 27d Stg per lb.