Lands Produce

aless otherwise stated, quotations are ustraiian currency. Aust. £ equals aximately 16/- Stg., NZ, or W. •a; 18/- Fiji; 20/- Tonga, Solomons & C areas; 196 Pac. Frs.; 5U52.25.)

Copra

e British Ministry of Food 9-years •act, which governed copra prices ipua and New Guinea, Fiji, Western a. Solomon Islands, and Gilbert and Colony (and. to some extent, In a and Cook Islands) expired on De er 31, 1957: since when each Terrl has made its own arrangements for tion and marketing of copra. 3 UA - NEW GUINEA:—AII production ilivered to Copra Marketing Board, oiled by six members, including three ers’ representatives; and the Board ;s distribution and sales, and makes ents to the producers. Production mainly to (a) Unilever (30,000 tons contract covering 1961), (b) Aus (3o,ooo tons for local consumption), 'ushing-mill in Rabaul (40,000 tons), (d) Japan (300 tons per month or if available). Prices generally tally ruling rate in Philippines, with ums for hot-air dried, m January 1, 1961, P-NG Copra i’s Tentative Purchase Prices, for delivered main ports: Hot-Air Dried /10/- per ton; FMS, £AS3 per ton; e-Dried, £AS2 per ton.

I: —No Government control—producers rhere they wish. Bulk of copra goes ushing-mills in Suva. On Oct. 7 were; HAD £F4S/17/6, FM /7/6. :ST E R N SAMOA:—Official Copra takes all production, sells same and i payments to producers. In 1961, 4.000 tons will go to Abels Ltd., NZ ;rs, and about 6,000 tons to Unilever, »ut of an estimated 15,000 tons pro m. —Sales are under Government >l. Part of production goes to Europe, arrangement with Uniliver con -1 by Philippines prices, and part open market.

OMON IS.:—All production marketed ;h official BSI Copra Board, at prices on Philippines rates. Of the dorate’s 1961 output (about 20,000 14,000 tons will go to Unilever, 4.000 tons to Australian crushers; tie balance sold on the open market. price in Nov.: Ist grade, £49/-/-; :rade, £47/10/-; 3rd grade £45/-/n, f.0.b., BSIP ports.

BERT AND ELLlCEProduction ted in Europe through official Copra , at prices based on Philippines less “stabilisation fund” charges. / HEBRIDES:—On Nov. 1, the copra was approx. £A34/10/- (6,900 Pac. ) per ton delivered Vila/Santo. a price then was 79 heavy per metric ton, c.i.f., 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 last t of 1961 is £ NZS2/13/3 Ist grade, 1/8/3 standard grade—both f.o.b. ’ )nga. lELAUS; Price is based on the ;e London price for the month prior pment to Auckland crushers.

Other Produce

rftrn . . , w COCOA:—lsiands prices are based on the rates for Ghana cocoa which on Nov. 9 was £Stg.l9o/10/- per ton, c.i.f., Sydney.

W. SAMOA:—Nominal price quoted in J' a grad 6 1 £S23O) grade 2 £S2IS, f.0.b., Apia.

P.-N.G.: Nov. B—Quote No. 1: £2lO (top grade), £2OO (medium), £l9O (low).

Quote No. 2: £2OO (good quality). £l9O (medium), £lBO (low).

COFFEE.—P.-N.G.: Nov. 8, good quality A grade, per lb, 4/- to 4/2; B grade, 4/-; C grade, 2/6 to 3/-, c.i.f., Sydney.

Overseas c.i.f. coffee prices were reported on Nov. 8 as: Kenya A, f.a.q., £Stg.436, B £ Stg.3s6, C £ Stg.32l, TT £Stg.3l6; Tanganyika A £Stg.426, B £Sstg.346, C £Stg.3l6, TT £Stg.3l6; Buguishu AA £Stg.39o, A £Stg.37o, B £Stg.3so, PB £Stg.3Bs; Uganda Robusta £Stg.l43

Peanuts: P.-N.G.: F.0.B., Lae. Nov 8

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 Singapore rate, which on Nov. 3 was- No. 1 RSS, Spot, 75% Straits cents per lb (26.32 d Aust.). vantita kfaxio —-. . m „ VANILLA BEANS: Victor Karp, Tulk & Co Sydney, reported Nov. 8; 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 ™r; S6d and enriched white, 112 under g 5 £O3/10/'**' nt] he f p W ' :

Islands: to„”‘and

I £ o 6 w.!°Sydney d or Melbourne £6s P ” ton ' pp.p, . .. , .

PEARL SHELL.—Quotations for Australian M.O.P. Shell on Nov. 8 by

Sydney independent shell agents were; Sound £ A 825, D £ASSO. E £A3OO. EE £AI9O (in store Sydney). Cook Islands; Penrhyn £NZSOO (approx.), f.0.b., Raro tonga.

TROCHUS: Quote No. 1— Papua-N G £145 per ton - clt - Sydney; 8.5.1.- £ 150 per ton, c.i.f., Sydney. Quote No. 2: Papua-NG, 8.5.1. £l5O per ton, with downward price trend.

Green Snail Shell.—Quote No. 1-

£460 per ton; Quote No. 2: £460.

CROCODILE SKINS: 12 in. and over small scale, first quality: P.-N.G.—Quote No. 1 15/- per in.; Quote No 2 16/-- B.S.l.—Quote No. 1 15/- ner in • Quote No. 2 16/-.

PAPUAN ruTW *or f buve?? P 1 delivered ® 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 P3/per lb for well-dried fins of commercial quality.

London and IK Oimtatirmc

Lonaon dHO U 3 yUOTaiIOnS . ? 0 P r a:LONDON Nov. 7, Philippines, in bulk . $ l6B us P er long ton, c.i.f., UK/ Nth - European ports. Malayan. FMS, delivered weights, c.i.f. UK/Nth. European ports, £Stg.s9/15/- per long ton NEW YORK; Nov. 7, Philippines $155 US per short ton. c.i.f. Pacific Coast ports.

CEYLON: 780 Rupees per ton, c.i.f. (£1 Australian is equal to about 2.25 US Dollars; £1 Aust. equals approx. 10y 2 Rupees).

Coconut Oil: LONDON, Nov. 7 Ceylon I% > in bulk - £Stg.B7/-/- per ton. c.i.f.!

P ° rtS ' Stra “ S ’ 3% ’

Rubber; bONDON Hoi-. 3, c.i.f., RSS No - 1 > s P ot . 22%d. Stg. per lb.; RSS Jan., 1962, 23y B d. Stg. lb.; Nov. shipment 22>/ 4 d Stg. lb.