Islands Produck
pp. 164-165 · Read in the full issue
(Unless otherwise stated, quotations In Australian currency, Aust. £ e approximately 16/- Stg., NZ, or Samoa; 18/- Fiji; 20/- Tonga, Solomc WPHC areas; 168 Pac. Frs.; SUS 2.20-
Copra
The British Ministry of Food 0- Contract, which governed Copra ] in Papua and New Guinea, Fiji, We Samoa, Solomon Islands, and Gilbert Ellice Colony (and, to some exten Tonga and Cook Islands) expired or cember 31, 1957; since when each 5 tory has made its own arrangement collection and marketing of copra.
Papua - New Guinea:—Aii Prodl
is delivered to Copra Marketing E controlled by six members, including planters’ representatives; and the 1 directs distribution and sales, and I payments to the producers. Prodl goes mainly to (a) Unilever (under tract covering 1959), (b) Australia: local consumption) and (c) crushim in Rabaul. Prices generally arrangi accordance with ruling rate in Phillj market, with premiums for hot-air From July 1, 1959. P-NG S Board announced “Tentative Prices’ copra delivered main ports: Hot-Air 1 £A72/10/- per ton; FMS, £A7I pel Smoke-Dried, £A7O per ton.
FIJI:—No Government control—prot sell where they wish. Bulk of copra to crushing-mill in Suva, whose on wharf, Suva, is announced each On Dec. 7 prices were: HAD, £F73
Fmi, £F72/12/6; Fm2, £F7I/5/-. I
WESTERN SAMOA:—Official Board receives all production, and same and makes payments to prod Large proportion goes to Unllevc Philippines PM grade rates, plus miums up to £S3 per ton for air dried. Prices unaltered since a 1959: Hot-air dried, £867/13/8 per sun-dried No. 1, £865/3/8; sun No. 2. £B6l/13/8.
TONGA: —Sales are under Gover: control. Part of production goes to E under arrangement with Unilever trolled by Philippines prices, and on to open market.
SOLOMONS:—AII production ma through official Copra Board, at based on Philippines market. Pric dared for December: Ist grade, £AB! grade, £A81; 3rd grade, £A77 pel f.0.b., BSIP ports.
Gilbert And Ellice:—Prod
marketed in Europe through official Board, at prices based on Phlll; rates, less “stabilisation fund” ch etc.
E. SAMOA: —Producers receive 6 cei ($U5134.4 or £ A6O/5/- approx, pel ton). Periodic bonus, if average pn exceed Govt, buying price and exper NEW HEBRIDES;—Price was ap mately £A62/10/- per ton delivered Santo on Nov. 19. On same day, pric 125,000 Metrop. francs per metric ton Marseilles.
Cook Is./Niue/Tokelau: Subje
the provisions of the copra contrac tween the Cook Islands-Niue-To: shippers and Abels, Ltd., of Auc who operate the only New Zealand crushing mill, the price for the s half of 1959 has been fixed at £NZ for First Grade, and £NZB4/3/l Standard Grade, per ton, in sacks, Rarotonga/Niue/Apia.
Other Produce
A:—lslands prices are based on the • Ghana cocoa which, on Dec. 4, tg.250 per ton, c.i.f.. Sydney.
AMO A:—Nominal price quoted in on Dec. 4, £5245 f.0.b., Apia, grade 5, grade 2. i.: Dec. 4, quote No. 1 £A3OB ex ydney; quote No. 2 £A3OO.
EE:—P.-N.G.: Dec. 4, good quality ;, per lb, 4/IV 2 to 4/4; B grade, 1/2V4; C grade, 4/-, c.i.f., Sydney, rly Dec. price quoted for Tanga l grade was £Stg.3Bs; B grade, 5; Undergradings, £ 5tg.265, all and c i.f.. Sydney. Uganda Ro ms offering at approx. £Stg.l9B dney. [JTS: P.-N.G., Dec. 4, kernels: Ipanish 1/6 Vz lb; Virginia Bunch, recent sales). Large Kingaroy rop flooding the market has forced prices lower.
ER: —P.-N.G. price is based on •e rate, which Dec. 2 had receded L RSS, spot, 120V4 Straits cents per 5d Aust.). .LA BEANS: Victor Karp. Tulk & ney, reported Dec. 4: Tahiti beans, son, white and yellow label, pro standard packs, 78/9; green label, f., Sydney. (Australian): —Price from May 1, -N.G.: Dry brown and dressed, bags, 5 tons and over, £6l/10/- . f.0.w.: under 5 tons £62 per tamised and enriched white, 112 5 tons and over, £6B per ton, inder 5 tons. £6B/10/- per ton. ac. Islands: Dry, brown, etc.. £7O 1 f.0.w., Sydney or Melbourne, cally-grown rice has been retail- Suva at lid Fijian per lb. with imported rice at lOd Fijian per j SHELL.—Firm quotations in Dec. aendent M.O.P. shell agents were; £ AB5O, D £ A6OO, E £A3OO, EE (in store Sydney). Penrhyn ) (nominal), f.0.b., Rarotonga, i lagoon is still closed.
HUS.—Little demand nominal i.f. Sydney, Dec. 4: £A27O. In :ntly, trochus was being bought at an per lb (equal to £FI96 or >er ton) in store, Suva.
N SNAIL SHELL.—Continued demand (with Japan a strong has kept the price at £A39O per -N.G. and 8.5.1. shell is still in ppiy
idon and US Quotations
: London, Dec. 3, Philippines, in 140 per long ton, c.i.f., UK/North n port. Straits/Borneo, FMS, de weights, c.i.f. UK/Nth. European Stg.B6 per long ton. New York, Philippines, $222.50 US per short f.. Pacific coast port.
Australian is equal to about 2.25 ars.) ut Oil: London, Dec. 3, Ceylon, in Stg.l33/10/- per ton. c.i.f., UK/Nth. n ports. Straits crude, £Stg.l2B/10/r; London, c.i.f., Dec. 2. RSS No.
SSVid Stg. per lb; Nov., 34%d Stg.; ir„ 1960, 32 3 /id Stg. times for the regular meet
f the Pacific Islands Society
ney have been changed from jrth Thursday of each month last Thursday of each month.
Ivertisement p. 135.