Lands Produce
p. 161 · Read in the full issue
less otherwise stated, quotations are istraiian currency. Aust. £ equals xlmately 16/- Stg., NZ, or W. a; 18/- Fiji; 20/- Tonga, Solomons & / areas; 196 Pac. Frs.; $U52.25.)
Copra
British Ministry of Food 9-years act, which governed Copra prices pua and New Guinea, Fiji, Western i. Solomon Islands, and Gilbert and Colony (and. to some extent, In . and Cook Islands) expired on De r 31, 1957; since when each Terrl las made its own arrangements for ion and marketing of copra.
UA - NEW GUINEAAII production Ivered to Copra Marketing Board, lied by six members, including three rs’ representatives; and the Board 3 distribution and sales, and makes mts to the producers. Production mainly to (a) Unilever (under con covering 1960), (b) Australia (for consumption) and (c) crushlng-mlll ibaul. Prices generally arranged In lance with ruling rate In Philippines t. with premiums for hot-air dried, n July 1, 1960, P-NG Copra s Tentative Purchase Prices, for delivered main ports: Hot-Air Dried, per ton; FMS, £A63/10/- per ton; -Dried, £A62/10/- per ton. —No Government control—producers here they wish. Bulk of copra goes ishing-mills in Suva. On Dec. 5 were: HAD £FS6/7/6, FM 17/6.
STERN SAMOA;—Official Copra receives all production, and sells and makes payments to producers. proportion goes to Unilever, at pines FM grade rates, plus pre up to £S3 per ton for hot ied. Prices since March, 1959, have Hot-air dried, £867/13/8 per ton; ied No. 1, £S6S/3/8: sun-dried £B6l/13/8.
IGA; —Sales are under Government 1. 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 e d for December: Ist grade, 2nd grade, £A62/10/-; 3rd grade, per ton, f.0.b., BSIP ports.
BERT AND ELLlCE:—Production ted In Europe through official Copra at prices based on Philippines less “stabilisation fund” charges, VMOA: —Producers receive 7 cents lb. 6.8 or £A7O/4/6 approx, per long Periodic bonus, if average proceeds Govt, buying price and expenses.
HEBRIDES:—Late November rate £ A4l/10/- (8,300 Pac. francs) i delivered Vila/Santo; French price vas 93Vz heavy francs per metric i.f., Marseilles.
K is. AND NIUE is.; Subject to 3ra contract provisions between Cook i Niue shippers and Abels, Ltd., of nd, who operate the only NZ copra ig mill, the price paid Is average i price for previous month, less ig charges. Actual price paid to ers varies widely from Island to ranging from £NZ3O to £NZSO a, ELAUS: Price is based on the e London price for the month prior maent to Auckland crushers.
Other Produce
T , , . , prices are based on the rate for Ghana cocoa which on Dec. 7 had dropped to £Stg.l97/10/- per ton T . , n! 7 min ?«nn nCe f n q h Uote m Sydney on Dec. 7. £S2OO, f.0.b., Apia, £ ®^ 9s, rad ® 2 \ .. .
P.-N.G. Dec 7.—Quote No. 1: £230 (best quality). Quote No. 2; £240 (top grade). Quote No. 3: £2lO (medium quality). Reflecting overseas trends, prices are likely to drop lower in 1961, reported Islands agents in Sydney in early December.
COFFEE.—P.-N.G.: Dec. 7, good quality A grade, per lb, 4/1; B grade, 4/-; C grade, 4/- c.i.f.. Sydney.
World coffee prices dropped again dur- Ing the month—rates on Dec. 7; Tanganyika A £Stg.3so per ton, B £Stg.34o, Undergradings £Stg.26s; Kenya A £Stg.3Bo, B £Stg.34o, Undergradings £Stg.3lo; Uganda Robusta £Stg.ls7.
PEANUTS: P.-N.G.: Dec. 7, Kernels: White Spanish 1/6 lb del. buyer’s store; Red Spanish, 1/4; Virginia Bunch, 1/7.
In Shell, 1/- lb.
RUBBER:—P.-N.G. price is based on Singapore rate, which on Dec. 7 was: No. 1 RSS, spot, 85% Straits cents per lb (29.87 d Aust.), VANILLA BEANS: Victor Karp, Tulk &• Co., Sydney, advised Dec. 7: White and yellow label, processed, standard packs. 42/9; green label, 41/6, c.i.f., Sydney.
RICE (Aust.): Prices as 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.—Quotations for Aus tralian M.O.P. Shell on Dec. 7 by Sydney indep endent shell agents were: sound £AB2S, D £ASSO, E £A3OO, EE £AI9O (in store Syd n ey ). Demand slackening. Cook Islands: Penrhyn £NZSO ° ( a PP rox -). *-0.b., Rarotonga. Mani hiki: Lagoon closed. Suwarrow: Black liP shell season ended late November.
TROCHUS: Quote No. 1— Papua-N.G. —£l4o per ton, c.i.f. Sydney BSI £i 6o per ton, c.i.f., Sydney. Quote No 2- Papua-NG, 8.5.1.—£150 per ton.
GREEN SNAIL SHELL.—StiII in short supply; buyers are quoting £460 to £4BO per ton.
CROCODILE SKINS: 12 in. and over small-scale, first quality: 12/- per in.
PAPUAN GUM: £BO per ton delivered buyer’s store, Sydney.
BECHE-DE-MER: Chang Sing Loong Co Suva, quote 2/- to 4/- lb for well processed commercial varieties.
SHARK FINS: Suva merchants offer 3/per lb for well-dried fins of commercial quality. ■ , .
London and US Quotations
Copra: LONDON, Dec. 6, Philippines, in bulk, $176 US per long ton, c.i.f., UK/ Nth. European ports. Straits/Borneo, FMS, delivered weights, c.i.f. UK/Nth. European ports, £Stg.6s per long ton. NEW YORK: Dec. 6, Philippines $165 US per short ton, c.i.f. Pacific Coast ports, CEYLON: 835 Rupees per ton, c.i.f. (£1 Australian is equal to about 2.25 US Dollars; £1 Aust. equals approx. IOVa Rupees).
Coconut Oil: LONDON, Dec. 6, Ceylon, 1%, in bulk, £Stg.93 per ton, c.i.f., UK/ North European ports. Straits, 3%, £Stg.9l c.i.f.
Rubber: LONDON, Dec. 6, c.i.f., RSS No. 1, Spot, 25%d Stg. per lb. Apr./June, 25*/2d Stg. lb. Dec. shipment 25ysd Stg. lb.