Ands Produce

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

Copra

British Ministry of Food 9-years it. which governed copra prices 3, Fiji, W. Samoa, BSI, and Gilbert [lice Is. (and to some extent, in and Cook Is.) expired on De -31, 1957; since when each Terri is made its own arrangements for an and marketing of copra.

A - NEW GUINEA:—AII production rered to Copra Marketing Board, ed by six members, including three s’ representatives: and the Board distribution and sales, and makes ts to the producers. Production ainly to (a) Unilever, in UK, (b) ia for local consumption, (c) g-mill in Rabaul, and (d) Japan 3 as available). Prices generally ith ruling rate in Philippines, with ns for hot-air dried.

Board’s Tentative Purchase for copra delivered main ports are: Dried, £AS4/10/- per ton; FMS, aer ton; Smoke-Dried, £AS2 per —No Government control—producers (re they wish. Bulk of copra goes hlng-mills in Suva. On May 14 were HAD £F47/-/-, PM •A.

TERN SAMOA:—Official Copra ikes all production, sells same and payments to producers. It goes to Abels Ltd., NZ crushers, and iver, UK.

A: —Sales are under Government Part of production goes to Europe, irrangement with Unilever con by Philippines prices, and part ien market.

JON IS.: —All production marketed official BSI Copra Board, at prices i Philippines rates. Output goes ver, UK; to Australian crushers; balance on to the open market ►rice in May was: Ist grade, 2nd grade, £49/10/-; 3rd grade per ton, f.0.b., BSIP ports.

RT AND ELLlCE:—Production I in Europe through official Copra at prices based on Philippines 3s freight, etc. The Govt, pays /- per ton subsidy. lEBRIDES: —On May 21, the copra s approximately £A37/15/- (7,550 ics) per ton delivered Vila/Santo. price then was 82 heavy ;r metric ton, c.i.f., Marseilles.

IS.:—Copra goes to Abels, Ltd., land, who operate the only NZ ishlng mill. Price paid is average price for previous three months, dling charges. Price for second 3f 1962 is £NZ49/17/7 Ist grade. 2/7 standard grade—both f.0.b., a.

Other Produce

l:— lslands prices are usually the rates for Ghana cocoa which 18 had risen to £Stg. 173/15/c.i.f., Sydney.

AMOA;—Season almost ended jminal prices quoted in Sydney ite Apr.: grade 1 £ 5tg.295; £Stg. 280, f.ob., Apia.

May 22—Quote No. 1: In store

Rabaul, export quality, £215; quote No. 2: best quality, on wharf Syd./Melb. £200; in store N.G. Ports, £2lO.

COFFEE.—P.-N.G.; May 21, good quality A grade, per lb, 4/- to 4/2; B grade. 4/-, C grade, 2/6 to 3/-, c.1.f., Sydney Overseas c.i.f. coffee prices were reported May 22 as: Kenya A, f.a.q., £ 5tg.465, B £ Stg.4oo, C £ Stg.34o; Tanganyika AA £ 5tg.375, A £ Stg.36o, B £ Stg.33o; Buguishu AA £ Stg.33o; Uganda Robusta £ Stg.l62/-/-.

Peanuts: P.-N.G.; F.0.B., Lae, May 22

Kernels: White Spanish, 1/4 lb; Red Spanish, 1/2; Virginia Bunch, 1/7, in shell 1/1.

RUBBER:—P.-N.G price is based on Singapore rate, which on May 22 was: No. 1 RSS, Spot, 79 Straits ceoits per lb 27.55 d Aust.).

VANILLA BEANS: Victor Karn Tiilk & Co., Sydney, reported May 22; White and yellow label processed, standard packs 43/6, green label 42/-, c.i.f., Sydney.

RICE (Aust.): Prices as from May 1, 1962—P.-N.G.: Dry brown and dressed, 112 lb bags 5 tons and over £59/-/- per ton, f.0.w.; under 5 tons £59/10/-. Vitamised and enriched white, 112 lb bags, 5 tons and over, £65/15/f.0.w.; under 5 tons, £66/5/-. Other Pac. Islands: Dry, white or brown, etc., £67/10/- (any quantity), f.0.w., Sydney or Melbourne.

PEARL SHELL.—Quotations for Aus tralian M.O.P. Shell on May 22 by Sydney independent shell agents were- Sound £ A 825. D £ASSO, E £A3OO EE £AI9O (in store Sydney). Cook Islands; Penrhyn £NZSOO (approx.), f.o.b. Raro tonga. .™- OCHUS: Quote No. I—Papua— £l2s per ton, f.0.b., Sydney; N.G.— £125

per ton, c.1.f., Sydney; 8.5.1. — £l4O per ton, f.0.b., Sydney. Quote No. 2: Papua— £l3o per ton; N.G., 8.5.1. £125 per ton.

Green Snail Shell.—Quote No 1

£265 per ton; Quote No. 2: £325 (best quality).

CROCODILE SKINS: 12 in. and over, first quality: P.-N.G.—Quote No. 1 15/per in., small scale (salt water), 10/per in. large scale (fresh water), f.0.b., P-NG port; Quote No. 2 16/-; 8.5.1.

Quote No. 1 16/- per in. (small scale) del. Sydney; Quote No. 2 16/- (small scale).

PAPUAN GUM: £O5 per ton delivered buyer’s store, Sydney.

BECHE-DE-MER: Chang Sing Loong Co.

Suva, quote F 2- to P 4- lb for weli processed commercial varieties.

SHARK FINS: Suva merchants offer P3/per lb for well-dried fins of commercial quality.

London and US Quotations

Copra; LONDON, May 22, Philippines, in bulk, $165.50 US per long ton, c.1.f., UK/ Nth. European ports. Malayan, FMs delivered weiehts. c.i.f. UK/Nth. European ports—£Stg.6o/10/- per long ton. NEW YORK: May 22, Philippines $l5O US per short ton, c.i.f. Pacific Coast ports.

CEYLON: 840 Rupees per ton, c.i.f.

Coconut Oil: LONDON. May 22, Ceylon 1% in bulk, £Stg.9o/-/- per ton, c.i.f.] UK/North European ports. Straits 3',’ £Stg.Bs/10/-, c.i.f.

Rubber: LONDON, May 22, c.i.f., RSS No. 1, Spot, 23 5 / B d. Stg. lb; Aug. shipment 23%d. Stg. lb., May shipment 23*/4d. Stg. lb. (£1 Australian is equal to about 2 2;, US Dollars or 10Vi Rupees).