Islands Produc[?]
pp. 168-169 · Read in the full issue
(Unless otherwise stated, quotations a In Australian currency. Anst. £ equft approximately 16/- Stg., NZ, or Samoa; 18/- Fiji; 20/- Tonga, Solomonslt- WPHC areas; 168 Pac. Frs.; SUS 2.20-2.30
Copra
The British Ministry of Food O-ye&t Contract, which governed Copra pri(fci In Papua and New Guinea, Fiji, Westefi, Samoa, Solomon Islands, and Gilbert ai Ellice Colony (and. to some extent, I Tonga and Cook Islands) expired on D cember 31, 1957; since when each Terl; tory has made its own arrangements f collection and marketing of copra.
PAPUA-NEW GUINEA:—AII productfli is delivered to Copra Marketing Boats controlled by six members, including thtc planters' representatives; and the Boas directs distribution and sales, and maßi, payments to the producers. Product™ goes mainly to (a) Unilever (under col tract covering 1959), (b) Australia (»)
consumption) and (c) crushing-mill abaul. Prices generally arranged in dance with ruling rate in Philippines et, with premiums for hot-air dried. m April 1, 1959, P-NG Copra I announced “Tentative Prices”, for delivered main ports; Hot-Air Dried, per ton; FMS, £AS4 per ton; e-Dried £AS3/7/6 I: —No Government control —producers phere they wish. Bulk of copra goes rushing-mlll in Suva, whose price harf, Suva, is announced each week. lay 4, prices were, HAD, £FB7/5/-;
£Fbs/17/6; Fm2, Fb4/12/6.
IST E R N SAMOA:—Official Copra I receives all production, and sells and makes payments to producers, i proportion goes to Unilever, at >plnes FM grade rates, plus pre ,s up to £Stg.3 per ton-for hot- Iried. Prices announced in March, to operate till further notice: Hot ried, £867/13/8 per ton; sun-dried 1, £865/3/8; sun-dried. No. 2. /13/8.
NOA:—Sales are under Government Dl. Part of production goes to Europe, ■ arrangement with Unilever con d by Philippines prices, and part i open market. jOMONS:—AII production marketed gh official Copra Board, at prices on Philippines market. Price de- May (unchanged since March); rade, £A7S; 2nd grade, £A73; 3rd , £A69 per ton. f.0.b., BSIP ports. jBERT AND ELLlCE:—Production eted in Europe through official Copra 1, at prices based on Philippines less “stabilisation fund” charges, lAMOA:—Producers receive 4 cents lb. 9.6 or £A4O approx, per long ton), lie bonus, If average proceeds exceed buying price and expenses.
V HEBRIDES:—In early April, local g, price was £69/7/6 per ton, de d Vila/Santo. On same date, price 29.500 Metrop. francs per metric ton, Marseilles. )K IS./NIUE/TOKELAU: Price fixed rst half of 1959. by Abels, Ltd., of and, who mill it, was announced in ary as follows: Standard Grade: 16/15/6 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 £ NZ7O/5/6, f.0.b., Rarotonga.
Other Produce
)OA: —lslands prices are based on the for Ghana cocoa which, on May 7, £Stg.29o per ton, c.i.f., Sydney.
SAMOA;—Nominal price quoted in y May 7, £S29O. f.0.b., Apia. tf.G.: May 7, £A335 ex-wharf.
IV.
"FEE;—P.-N.G.: May 7. 4/5 per lb, Sydney, for good quality A grade ;enerally quoted. ; April (and little change is expected ; new crop in July) price quoted for i, c.i f. Sydney, was; A grade, £Stg.slo >n; B grade, £Stg.4Bo; C grade, none ,ble. Undergradings: £ 5tg.255-285. myika: A grade, £ Stg.4oo per ton.
Sydney. Uganda Robusta, c.i.f. y, £ 5tg.259-275 per ton.
INUTS:—P.-N.G : May 8, Kernels b ex-wharf; practically no sale in :y at present for nuts in shell — lal price, 1/1 lb.
SBER:— p.-N.G price is based on pore rate, which May 7 was: No.
1 RSS, spot, 109.75 Straits cents per lb. (38.1 d Aust.).
VANILLA BEANS: Victor Karp, Tulk & Co., Sydney, reported on May 7; 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. (New prices for 1959 will be announced late May. ( PEARL SHELL. —May quotations by independent pearlers were; Sound, £A7SO; D, £ASSO; E. £A225; EE, £AISO (in store Sydney). Manihiki lagoon still closed; Penrhyn, £Stg.4oo (nominal), f.0.b., Rarotonga.
TROCHUS:—No demand—nominal £A3OS, ex-wharf, Sydney.
GREEN SNAlL:—Little movement in market —last quote £A3£O per ton, ex wharf.
London and US Quotations
Copra: London, May 7, Philippines in bulk, $285, c.i.f. UK/Nth. European ports.
Straits/Borneo, FMS, del. weights, c.i.f.
UK/Nth. European ports, £ Stg.9B.
New York; May 7, Philippines $270, c.i.f., Pacific Coast ports. (£1 Australian is equal to about 2.25 US Dollars.) Coconut Oil:—London, May 7, Ceylon in bulk, £ Stg.l46/10/-, per ton .c.i.f., UK/ North European ports. Straits/Borneo, £Stg.l43 per ton, c i.f., June/July.
Rubber: London, c.i.f., May 7, RSS No. 1, spot, 31d Stg. per lb; July-Sept., SlVsd Stg,; April, 1960. SlVsd Stg.