Ands Produce

ess otherwise stated, quotations are stralian currency. Aust. £ equals dmately 16/- Stg., NZ, or W ; 18/- Fiji; 20/- Tonga, Solomons & areas; 196 Pac. Frs.; SUS 2-25.)

Copra

British Ministry of Food 9-years ct, which governed copra prices ua and New Guinea, Fiji, Western , Solomon Islands, and Gilbert and Colony (and. to some extent, in and Cook Islands) expired on De -31, 1957; since when each Terrl is made its own arrangements for on and marketing of copra.

JA - NEW GUINEA:—AII production vered to Copra Marketing Board, led by six members, including three s’ representatives; and the Board distribution and sales, and makes its to the producers. Production ainly to (a) Unilever (30,000 tons contract covering 1961), (b) Aus -30.000 tons for local consumption), shing-mill in Rabaul (40,000 tons), ) Japan (300 tons per month or available). Prices generally tally uling rate in Philippines, with ns for hot-air dried.

January 1, 1961, P-NG Copra Tentative Purchase Prices, for elivered main ports: Hot-Air Dried 0/- per ton; FMS, £AS3 per ton; Dried, £AS2 per ton. —No Government control—producers sre they wish. Bulk of copra goes hing-mills in Suva. On Oct 7 / were: HAD £F4S/10/-, FM TERN SAMOA:—Official Copra akes all production, sells same and payments to producers. In 1961, 'OO tons will go to Abels Ltd.. NZ and about 6,000 tons to Unilever, ; of an estimated 15,000 tons pro- A:—Sales are under Government Part of production goes to Europe arrangement with Uniliver con by Philippines prices, and part pen market.

IS.:—AII production marketed official BSI Copra Board, at prices m Philippines rates. Of the rate’s 1961 output (about 20,000 14.000 tons will go to Unilever, •00 tons to Australian crushers; balance sold on the open market, rice in Oct.: Ist grade, £49/-/-; de, £47/10/-; 3rd grade £45/-/f.0.b., BSIP ports. i R T AND ELLlCE:—Production 1 in Europe through official Copra at prices based on Philippines 2ss ‘stabilisation fund” charges.

HEBRIDES: —On Oct. 5, the copra is approx. £A3S/-/- (7,000 Pac. per ton delivered Vila/Santo price then was 80/81 heavy er metric ton, c.i.f., Marseilles.

IS.: —Subject to the copra provisions between Cook Is. and Abels, Ltd., of Auckland, rate the only NZ copra crushing e price paid is average London >r previous three months, less charges. Price fixed for last of 1961 is £NZS2/13/3 Ist grade, i/3 standard grade—both fob :a. -AUS: Price is based on the London price for the month prior lent to Auckland crushers.

Other Produce

ra^ C ? A:_ r I h landS PriC6S a^ 6 baSBd ° n the was £Stg.KX/-% C cX f o^ y , 9 W. SAMOA:—Nominal price quoted in ?£e e 2l 5 0 "f?b 6 A D fa rade 1 £S23 °' Bratie 2 £S2IS, f o b., Apia.

P.-N.G.: Oct. 9—Quote No. 1: £195 Onnfp gr Mn e) 9. £ i B i s oo (n ) edi ’i m) - £ 175 (low ’ ■ (medium)*, £l6O (low* q ua ”ty), £l7O COFFEE.-P.N.G : Oct. 9, good quality C frade 2/6 to 4/ '’’

C grade, 2/6 to 3/-, c.i.f., Sydney.

Overseas coffee prices were reported on Oct. 10 as; New season, Kenya A, f.a.q., £Stg.443, B £Stg.36s, C £Stg.33o TT £Stg.32s; Tanganyika A £Stg 435 b £Stg.3ss, C £Stg.32s, TT £Stg’.32s; Buguishu A £Stg.34s, B £Stg.33o.

Peanuts: P.-N.G.: F.0.B., Lae, Oct. 9,

Kernels: White Spanish, 1/4 lb; Red Spanish, 1/2; Virginia Bunch, 1/7. In shell, 1/- lb. (del. buyer’s store, Sydney).

RUBBER;— P.-N.G price is based on No nga i P °RSS ra Spot W St^affs^cents W pe S r lb (29.34 d Aust ) VANILLA BEANS: Victor Karp. Tulk & Co., Sydney, reported Oct. 9: White and yellow label, processed, standard packs, 47/-; green label, 45/-, c.i.f., Sydney.

RICE (Aust.): Prices as from May, 1961—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 Vitamised and enriched white. 112 lb bags 5 tons and over, £63 f.0.w.; under 5 tons, £63/10/-. Other Pac.

Islands: Dry, brown, etc., 5 tons and over.

Memo"^ 65 P ' r t<>n ’

Melbourne.

PEARL SHELL.— Quotations for Austrail an M.O.P. Shell on Oct. 9 by

Sydney independent shell agents were; £ Al9O an 0 Island?

£Nzso ° <»«»“•>•

TROCHUS; Quote No 1 Panua N r T £l « P« ton? c.l.f No Syiney‘ PB*st £ !50 per ton, c.i.f., Sydney. Quote No 2- Papua-NG, £l5O per ton.

Green Snail Shell.—Quote No 1-

£460 per ton; Quote No. 2: £460.

smTsc^e™flrs^quality 2 E-NG^uote

No ‘ 1 15/ ‘ in = Quote No 2 B.S.l.—Quote No. 1 15/- per in - Quote No 2 16/- 7 p ” uote PAPUAN GUM: £95 per ton delivered buyers store, Sydney.

BECHE-DE-MER: Chang Sing Loong Co Suva, quote F 2- to F 4- lb for well Processed commercial varieties.

SHARK FINS: Suva merchants offer F3/- P er lb for well-dried fins of commercial quality.

London and US Quotations

\ Philip . p i nes ; * n bulk, $165 US per long ton, c.i.f., UK/ Nth. European ports. Malayan, FMS, delivered weights, c.i.f. UK/Nth. European ports, £Stg.s9/-/- per long ton. NEW YORK; Oct. 6, Philippines $l5l US per short ton, c.i.f. Pacific Coast ports.

CEYLON: 765 Rupees per ton, c.i.f. (£1 Australian is equal to about 2.25 US Dollars; £1 Aust. equals approx. lOV2 Rupees).

Coconut Oil: LONDON. Oct. 6. Ceylon 1%, in bulk, £Stg.B6/5/- per ton, c.i.f.’

UK/North European ports. Straits, 3%, £StgBl/-/- cif K “ LONDON ' °<= b KSS No. j Spotj 24 3/ 4d gtg per lb . Rgg Jan 1962, 24 7 / B d. Stg. lb.; Oct. shipment 24%d Stg. lb.