Ds Produce

erwlse stated, quotations are ,n currency. Aust. £ equals ly 16/- Stg., NZ, or W.

Fiji; 20/- Tonga, Solomons & as; 196 Pac. Frs.; 5U52.25.)

Copra

sh Ministry of Food 0-years rhlch governed Copra prices id New Guinea, Fiji, Western mon Islands, and Gilbert and y (and. to some extent, in Cook Islands) expired on De -1957; since when each Terrl ide its own arrangements for id marketing of copra. fEW GUINEA:—AII production to Copra Marketing Board, 7 six members, including three presentatlves; and the Board ibution and sales, and makes 0 the producers. Production to (a) Unilever (under con ng 1960), (b) Australia (for option) and (c) crushing-mill Prices generally arranged in with ruling rate in Philippines h premiums for hot-air dried. ly 1, 1959. P-NG Copra ntative Purchase Prices, for red main ports; Hot-Air Dried, ier ton; FMS, £A7I per ton; 1, £ A7O per ton.

Government control —producers ;hey wish. Bulk of copra goes mills in Suva. Report received June 13 said Carpenters and . made interim agreement to

F57/5/-, Fmi £Fss/17/6, Fm2

(See page 19).

R N SAMOA;—Official Copra ives all production, and sells makes payments to producers, (ortlon goes to Unilever, at FM grade rates, plus pre to £S3 per ton for hot- Prices unaltered since March, ,ir dried, £867/13/8 per ton; No. 1. £865/3/8; sun-dried ./13/8. -Sales are under Government t of production goes to Europe, .ngement with Unilever con- Philippines prices, and part market.

MS: —All production marketed Bclal Copra Board, at prices Philippines market. Price de- May: Ist grade, £A7S; 2nd (3/10/-; 3rd grade, £A7I per BSIP ports; in addition, BSI d is making a bonus payment nately £AIO per ton to pro -1 accumulated profits.

AND ELLlCE:—Production a Europe through official Copra prices based on Philippines “stabilisation fund” charges. —Producers receive 7 cents lb. or £ A7O/4/6 approx, per long )dic bonus, if average proceeds t. buying price and expenses.

SBRIDES: —Price was approxl -46/10- (9,300 Pac. francs) per d Vila/Santo on May 12. French ay 12 was 98,000 Metrop. francs ton, c.i.f., Marseilles. 3. AND NIUE IS.: Subject to ons of the copra contract be- Cook Islands and Niue Island ,nd Abels, Ltd., of Auckland, ;e the only New Zealand copra ill, the price paid is the average

London price for the previous month, less handling charges. The actual price paid to producers varies widely from island to island, ranging from £NZ3O to £NZ6O per ton.

TOKELAUS: Price is based on the average London price for the month prior to shipment to Auckland crushers.

Other Produce

COCOA:—lslands prices are based on the rate for Ghana cocoa which on June 7 was £ 5tg.226/5/- per ton, c.i.f., Sydney.

W. SAMOA:—Nominal price quoted in Sydney on June 6: £S2OO f.0.b., Apia, grade 1; £S2IS, grade 2.

P.-N.G.; June 7.—Quote No. 1: £265 (best quality), £255 (medium). £245 (low grade). Quote No. 2: £250-£255 (first class, export quality).

COFFEE: —P.-N.G.: June 7, good quality A grade, per lb. 4/3; B grade, 4/2; C grade, 4/- c.i.f., Sydney.

In early June, prices quoted for Tanga nyika were: A grade—no supplies offering: B grade £ 5tg.345; Undergradings, £ 5tg.255- £ 5tg.275, all per ton and c.i.f., Sydney.

Uganda Robusta was approx. £ Stg.l4s June, £ Stg.l42 July, c.i.f. Sydney.

PEANUTS: P.-N.G., June 7, Kernels: White Spanish 1/6 lb del. buyer’s store; Red Spanish, 1/5, Virginia Bunch, 1/7V2.

In Shell, 1/- lb.

RUBBER:—P.-N.G. price is based on Singapore rate, which on June 3 was: No. 1 RSS. spot, 125% Straits cents per lb (43d Aust.).

VANILLA BEANS: Victor Karp, Tulk & Co., Sydney, advised June 7: White and yellow label, processed, standard packs, 66/-; green label, 65/4, c.i.f., Sydney.

RICE (Aust.): —New prices from May,

1960—P.-N.G.: Dry brown and dressed, 112 lb bags, 5 tons and over, £56/10/per ton, f.0.w.; under 5 tons £57 per ton. Vitamised and enriched white. 112 lb bags, 5 tons and over, £63 per ton, f.0.w.; under 5 tons, £63/10/- per ton.

Other Pac. Islands: Dry, brown, etc., £66 per ton f.0.w., Sydney or Melbourne.

PEARL SHELL. —Firm quotations for Aus tralian White M.O.P. Shell in June by Sydney independent shell agents were; Sound £ AB5O, D £A6OO, E £A3OO, EE £ A2OO (in store Sydney). Penrhyn Island; £NZSOO, f.0.b., Rarotonga. Mani hiki Island: Lagoon still closed. N.G.: No supplies offering, but last Sydney sales of Black-lip M.O.P. were at £292 per ton.

TROCHUS; Quote No. I—Papua: £2lO per ton, c.i.f., Sydney. N.G. and 8.5.1. £l9O-£195. Quote No. 2; £lB5-£l9O per ton. green SNAIL SHELL.—In demand, with buyers offering £465-£470 per ton.

CROCODILE SKINS: 12 in. and over, small-scale, first quality, 12/- per in.

PAPUAN GUM: £BO per ton del. buyer’s store, Sydney.

London and US Quotations

Copra: London, June 3. Philippines, in bulk, $204.50 US per long ton, c.i.f., UK/ Nth. European ports, Straits/Borneo, FMS, delivered weights, c.i.f. UK/Nth. European ports, £ Stg.7s per long ton. (£1 Australian is equal to about 2.25 US Dollars.) Coconut Oil; London. June 3, Ceylon, in bulk, £Stg.ll4/10/- per ton, c.i.f., UK/Nth.

European ports. Straits crude, £Stg.loB/10/-, c.i.f.

Rubber: London, c.i.f., June 3. RSS No. 1, Spot, 38 s /ad Stg. per lb; July 36 5 /ed Stg.; Mar., 1961, 36%d Stg.