Islands Prod
pp. 164-165 · Read in the full issue
(Unless otherwise stated, quotatt In Australian currency. Aust. 4 approximately 16/- Stg., NZ, Samoa; 18/- Fiji; 20/- Tonga. Soli WPHC areas; 168 Pac, Frs.; SUS 2S
Copra
The British Ministry of FoodE Contract, which governed Copn in Papua and New Guinea, Fiji, , Samoa, Solomon Islands, and Gill.
Ellice Colony (and, to some ex Tonga and Cook Islands) expired) cember 31, 1957; since when eao tory has made its own arrangenn collection and marketing of cope
Papua - New Guinea;—Aii P:C
is delivered to Copra Marketing controlled by six members, includf planters’ representatives; and tM directs distribution and sales, an payments to the producers. P c goes mainly to (a) Unilever (ura tract covering 1959), (b) Austrn local consumption) and (c) crus in Rabaul. Prices generally am accordance with ruling rate in P: c market, with premiums for hot-s- From July 1, 1959. P-NQ Board announced “Tentative Pri:copra delivered main ports; Hot-A £A72/10/- per ton; FMS, £A7I Smoke-Dried, £A7O per ton.
FIJI: —No Government control —sell where they wish. Bulk of c« to crushing-mill in Suva, whu on wharf, Suva, is announced ea: On Nov. 2, prices were; HAD, ;
Fmi, £F79; Fm2, £F77/12/6.
Western Samoa:—Officli
Board receives all production, same and makes payments to n
roportlon goes to Unilever, at es FM grade rates, plus pre ip to £S3 per ton for hot . Prices unaltered since March, t-air dried, £367/13/8 per ton; No. 1. £S6S/3/8; sun-dried 361/13/8. —Sales are under Government ’art of production goes to Europe, •rangement with Unilever con y Philippines prices, and part en market.
ONS: —All production marketed official Copra Board, at prices Philippines market. Price de- November: Ist grade, £AB3; 2nd A 81; 3rd grade, £A76 per ton, [P ports.
IT AND ELLICE: —Production in Europe through official Copra ,t prices based on Philippines is “stabilisation fund” charges, DA: —Producers receive 6 cents lb. or £ A6O/5/- approx, per long iodic bonus, if average proceeds ivt. buying price and expenses.
BBRIDES:—Price rose again in nd was approximately £A67/10/lelivered Vila/Santo on Nov. 2. same day, price was 132.500 rancs per metric ton, c.i.f. Mar- IS./NIUE/TOKELAU: Subject to sions of the copra contract be le Cook Islands-Niue-Tokelaus and Abels, Ltd., of Auckland, ite the only New Zealand copra mill, the price for the second »59 has been fixed at £NZBS/8/9 Grade, and £NZB4/3/9 for Grade, per ton, in sacks, f.o.b. /Niue/Apia.
Other Produce
—lslands prices are based on the Ghana cocoa which, on Nov. 5, .258/15/- per ton, c.i.f., Sydney. 4GA: —Nominal price quoted in Nov. 6, £5265 f.0.b., Apia, grade grade 2.
Nov. 6, £ A3lO ex-wharf :—P.-N.G. November 5, good grade, per lb, 4/4 to 4/7; B I to 4/4; C grade, 4/- to 4/3, ley.
' Nov. price quoted for Tanga grade was £ 5tg.375; B grade, Undergradings. £ 5tg.265, all md c.i.f., Sydney. Uganda Ro offering at approx. £ Stg.l97/10/iey. :S: P.-N.G.. Nov. 6, kernels: anish, 1/7 lb; Virginia Bunch, cted that huge Kingaroy (Qld.) 33,000 tons will force P.-N.G. er when it floods the market, t: —P.-N.G. price is based on rate, which Nov. 4 had risen to: >, spot, 126% Straits cents per lb .).
A BEANS: Victor Karp, Tulk & :y, reported Nov. 6: Tahiti beans, n, white and yellow label, pro andard packs, 86/-; green label, , Sydney.
Australian): —Price from May 1, r.G.: Dry brown and dressed, gs, 5 tons and over, £6l/10/f.0.w.; under 5 tons £62 per ■mised and enriched white, 112 5 tons and over, £6B per ton, ider 5 tons. £6B/10/- per ton.
Islands: Dry, brown, etc., £7O f.0.w., Sydney or Melbourne, fily-grown rice has been retail ifva at lid Fijian per lb. with
Saigon imported rice at lOd Fijian per lb.
PEARL SHELL.—Firm quotations in Nov by independent M.O.P. shell agents were- Sound £ ABOO, D £A6OO, E £A275, EE £A2OO (in store Sydney). Penrhyn £ Stg.4oo (nominal), f.0.b.. Rarotonga Manihiki lagoon will remain closed this year.
TROCHUS.—StiII little demand—nominal price c.i.f. Sydney Nov. 6 £A265. In Fiji in Oct., trochus was being bought at 1/9 Fijian per lb; this is equal to £FI96 (approx. £A2201 per ton, in store, Suva.
GREEN SNAIL SHELL—Continued Japanese demand has raised price to £ A 390 per ton. P.-N.G. and 8.5.1. shell is still in short supply.
London and US Quotations
Copra: London, Nov. 4, Philippines, in bulk, $247.50 per ton, c.i.f., UK/Nth. Euro pean port. Straits/Borneo, FMS, delivered weights, c.i.f. UK/Nth. European port, £Stg.94. New York. Nov. 4, Philippines! $240, c.i.f., Pacific coast port. (£1 Australian is equal to about 2.28 US Dollars.) Coconut Oil: London, Nov. 4, Ceylon, in bulk, £Stg.K4 per ton. c.i.f.. UK/North European ports. Straits crude, £Stg. 137/10/c.i.f.
Rubber; London, c.i.f., Nov. 4. RSS No. 1, Spot 36V2d Stg. per lb; Nov., SS'Ad Stg.; Jan./Mar., 1960. 32 5 / 8 d Stg.
Mother Margaret, who has spent a lifetime in missionary work in the Solomons (first with the Mel anesian Mission, then joining the Roman Catholic Mission), arrived in NZ at the end of October.