Islands Produc
pp. 152-153 · Read in the full issue
(Unless otherwise stated, quotations ; in Australian currency. Aust. £ eqn approximately 16/- Stg., NZ, or Samoa; 18/- FIJI; 20/- Tonga, Solomons WPHC areas; 196 Pac. Frs.; 5U52.25.)
Copra
The British Ministry of Food 9-yei Contract, which governed Copra pr! in Papua and New Guinea, Fiji, West( Samoa, Solomon Islands, and Gilbert 8 Ellice Colony (and. to some extent, Tonga and Cook Islands) expired on I cember 31. 1957; since when each Tei tory has made its own arrangements ( collection and marketing of copra.
Papua - New Guinea;—Aii Product)
is delivered to Copra Marketing Boa controlled by six members, including tti planters’ representatives; and the Bot directs distribution and sales, and ms payments to the producers. Product goes mainly to (a) (30.000 J under contract covering 1961). (b) a tralia (30,000 tons for local consumptlo (c) crushing-mill in Rabaul (40,000 toi and (d) Japan (300 tons per month more if available). Prices generally ranged in accordance with ruling rate: Philippines market, with premiums h °Prom 1. 1961, P-NO Co< Board’s Tentative Purchase Prices, copra delivered main ports: Hot-Air Dr £ A54/10/- per ton; FMS, £AS3 per t Smoke-Dried, £AS2 per ton. pijj- No Government control —produn sell where they wish. Bulk of copra g to crushing-mills in Suva. On Junes prices were: HAD £F47/-/-, 1 £F44/10/-. . , WESTERN SAMOA:—Official C(T Board takes all production, sells same i makes payments to producers. In 1 3,500-4,000 tons will go to Abels Ltd.,! crushers, and about 6,000 tons to Unilc* UK out of an estimated 15,000 tons j ductlon, under this year’s contra TONGA: —Sales are under Governor control. Part of production goes to Eure under arrangement with Unilever c trolled by Philippines prices, and I on to open market. 1 SOLOMON IS.:—All production mark*: through official BSI Copra Board, at pn based on Philippines rates. Of Protectorate’s 1961 output (about 200 tons). 14,000 tons will go to Unlles UK; 4,000 tons to Australian crushjr and the balance sold on the open man Local price (which is partly financed ffl reserves) in June; Ist grade, £Asoii 2nd grade, £A4B/10/-; 3rd grade, £A46|i per ton, f.0.b., BSIP ports.
jBERT AND ELLlCE:—Production eted in Europe through official Copra 3, at prices based on Philippines less “stabilisation fund” charges.
N HEBRIDES:—In early June, was approx. £A34 (6,800 Pac. ) per ton delivered Vila/Santo, on a ” market. French price on June 82,000 Met. francs per metric ton, Marseilles. )K IS.: —Subject to the copra .ct provisions between Cook Is. rs and Abels. Ltd., of Auckland, iperate the only NZ copra crushing the price paid is average London for previous three months, less ng charges. Price fixed for first r of 1961 was £NZS6/0/2 Ist grade 1/15/2 standard grade—both f.o b •nga.
ELAUS: Price is based on the e London price for the month prior jment to Auckland crushers.
Other Produce
DA:—islands prices are based on the or Ghana cocoa which on June 7 Stg.l79/15/- per ton, c.i.f., Sydney.
SAMOA: — Nominal price Quoted in on June 8: grade 1 £S2IO s.), f.0.b., Apia.
G.; June B—Quote No. 1; £2OO ade), £l9O (medium), £lBO (low).
No. 2. £2OO (medium quality).
EE - —P -N.G.: June 8, good quality e, per lb, 4/- to 4/2; B grade, 4/-; e, 3/6, c.i.f., Sydney. of season—no quotations for yika or Kenya Arabica; Nairobi closed until end of July. Uganda l £ Stg.l4s. (UTS: P.-N.G.: F.0.b., Lae, June 8, |; White Spanish, 1/4 lb; Red i, 1/2; Virginia Bunch, 1/7. In /- lb. (del. buyer’s store, Sydney).
IER: P.-N.G price is based on re rate, which on June 7 was: RSS, Spot, 84% Straits cents per Id Aust.).
LLA BEANS: Victor Karp, Tulk & dney, reported June 8: White and label, processed, standard packs reen label, 46/6, c.i.f., Sydney. (Aust.): Prices as from May, -N.G.: Dry brown and dressed, bags, 5 tons and over, ■ P ton, f.0.w.; under 5 tons /itamised and enriched white, 112 , 5 tons and over, £63 f.0.w.; 5 tons, £63/10/-. Other Pac.
Dry, brown, etc., 5 tons and over, under 5 tons. £65 per ton, >ydney or Melbourne.
L SHELL.—Quotations for Aus- M.O.P, Shell on June 8 by independent shell agents were: £ A 825, D £ A 550, E £A3OO. EE [in store Sydney). Cook Islands: £NZSOO (approx.), f.0.b., Raro 3US: Quote No. I.—Papua-N.G. per ton, c.i.f., Sydney; 8.5.1. r ton, c.i.f., Sydney. Quote No. 2: G, 8.5.1. £l6O per ton.
SNAIL SHELL.— £4BO per ton supply. )DILE SKINS: 12 in. and over ile. first quality: P.-N.G.—l2/- 8.5.1.—15/- per in.
IN GUM: £95 per ton delivered store, Sydney.
BECHE-DE-MER; Chang Sing Loong Co., Suva, quote F 2- to P 4- lb for well processed commercial varieties.
SHARK FINS; Suva merchants offer F3/per lb for well-dried fins of commercial quality.
London and US Quotations
. ® opr *= LONDON, June 7, Philippines, in bulk, $165.50 US per long ton, c.i.f., UK/ Nth. European ports. Malayan FMS delivered weiehts c.i.f. UK/Nth. European ports, £ Stg.6o/10/- per long ton. NEW YORK; June 7, Philippines $151.50 US per short ton, c.i.f. Pacific Coast ports CEYLON: 780 Rupees per ton, c.i.f. (£1 Australian is equal to about 225 US Dollars; £1 Aust. equals approx 10% Rupees).
Coconut Oil: LONDON. June 7, Ceylon, 1%, in bulk, £Stg.9l per ton, c.i.f., UK/ North European ports. Straits 3% £Stg.B7/10/-, c.i.f. ‘ Rubber: LONDON. June 7, c.i.f., RSS No. 1, Spot, 25d. Stg. per lb.; RSS Oct./ Dec. 25y B d. Stg. lb; June shipment 24T4d.