Islands Produce
p. 171 · Read in the full issue
e ess otherwise stated, quotations are itralian currency. Aust. £ equals innately 16/- Stg.. NZ, or W. 18/- Fiji; 20/- Tonga, Solomons HC areas; 196 Pac. Frs.; $U52.25.)
Copra
UA-NEW GUINEA;—AII production r vered to Copra Marketing Board, lied by six members, including three •s’ representatives; and the Board distribution and sales, and makes nts to the producers. Production iainly to (a) Unilever, in UK, (b) lia for local consumption, (c) ig-mill in Rabaul, and (d) Japan s as available). Prices generally •ith ruling rate in Philippines, with ims for hot-air dried, r Board’s Tentative Purchase for copra delivered main ports are: r Dried, £AS4/10/- per ton; FMS, per ton; Smoke-Dried, £AS2 per —No Government control—pro sell where they wish. Bulk of goes to crushing-mills in Suva, y 23 prices were HAD £F4S/12/6, P43/2/6. 3TERN SAMOA:—Official Copra takes all production, sells same akes payments to producers. It lainly to Abels Ltd., NZ crushers, 1 Unilever, UK. Local price, re in July, was £56/12/6 Samoan, fade. 3A: —Sales are under Government Part of production goes to under arrangement with Unilever ed by Philippines prices, and part open market. ►MON IS.:—All production marketed 1 official BSI Copra Board, at jased on Philippines rates. Output 0 Unilever, UK; to Australian s; and the balance on to the open Local price in July was; Ist £46/-/-; 2nd grade, £44/10/-; .de, £42/-/- per ton, f.0.b., BSIP Honiara, Yandina and Gizo).
ERT AND ELLlCE:—Production id in Europe through official Copra at prices based on Philippines iss freight, etc. The Govt, pays to/- per ton subsidy.
HEBRIDES:—On July 23, the rice was approximately £A3S/10/- Pac. francs) per ton delivered pto. French price then was 79 [francs per metric ton, c.i.f., es. ; IS.: Copra goes to Abels, Ltd., dand, who operate the only NZ rushing mill. Price paid is average price for previous three months, idling charges. Price for third [of 1962 is £NZSI/19/8 Ist £NZSO/14/8 standard grade—both hrotonga.
Other Produce
A: —lslands prices are usually 1 the rates for Ghana cocoa which t 27 had dropped to £ Stg.l66/5/- ► c.i.f., Sydney. Overseas reports ana’s mid-crop season began in ily but cocoa was slow coming in; on was expected to be around ons.
J.: Sydney buyers on June 23 re mote No. 1; In store Rabaul, luality, £215; quote No. 2: best -on wharf Syd./Melb. £220; in •G. Ports, £2OB.
Nominal prices quoted in lin mid-July were: grade 1, 0; grade 2, £Stg.24s, f.0.b., Apia,
with a downward trend for this type of cocoa.
COFFEE. P.N.G.: July 23, 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 re ported July 27 as: Kenya A. f.a q . £ 5tg.365, B £ 5tg.325. C £Ste 320: Tanganyika AA £Stg.37s, A £Stg.36o. B £Stg.32o; Buguishu AA £Stg.29s‘ Uganda Robusta £ Stg.l44.
PEANUTS: P.N.G.: Sydney agents quoted July 23:—F.0.b., Lae: 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 July 20 was: No. 1 RSS, Spot, 75 Va Straits cents per lb (26.33 d Aust.).
VANILLA BEANS: Victor Karp Tulk & Co., Sydney, reported July 23: White and yellow label processed, standard packs, 46/-, green label 45/-, 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 July 23 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. Sydney buyers quota tions to Islands producers; Market dull— no firm prices received from overseas during the month. No. I.—Papua— £l2o-£125 per ton, f.0.b., Papuan ports; N*G. - £ 105- £ 110, c.i.f., Sydney; 8.5.1. £llO, f.0.b., Honiara. No. 2; Papua—
£llO per ton; N.G., 8.5.1. £ll5 per ton.
GREEN SNAIL SHELL.—Sydney buyers quoted on July 23: No. 1; £295-£3OO per ton, f.0.b., Islands port. No. 2: £2BO (best quality), on wharf, Sydney.
Crocodile Skins—On July 23
Sydney buyers’ quote for 12 in. and over, first i:rade quality was: P.-N.G.—l6/- per in., f.o.b. P-NG port, small scale (salt water); large scale (fresh water) 10/- per in. 8.5.1.—16/- per in. (small scale) del. Sydney.
PAPUAN GUM: £95 per ton delivered buyer’s 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 mechants offer F 3- per lb for well-dried fins of com mercial quality.
London and US Quotations
Copra: LONDON, July 20, Philippines, in bulk, $163 US per long ton, c.i.f., UK/ Nth. European ports. Malayan, FMS, delivered weights, c.i.f. UK/Nth. European ports, £Stg.s9/10/- per long ton. NEW YORK: July 20, Philippines $152 US per short ton, c.i.f.. Pacific Coast ports.
CEYLON: 795 Rupees per ton, c.i.f.
Coconut Oil: LONDON, July 23, Ceylon, 1% in bulk, £Stg.BB/10/- per ton. c.i.f., UK/North European ports. Straits, 3% r £Stg.B3/15/-, c.i.f.
Rubber: LONDON, July 20, c.i.f., RSS No. 1, Spot, 22V 4 d Stg. lb (nominal); Sept, shipment 22-3/16d Stg. lb, Aug. shipment 22V 4 d Stg. lb. Overseas reports indicate that when the market moved to lower levels late June/early July Russia bought in fair quantities and caused a slight price recovery. (£ 1 Australian is equal to about 2.25 US Dollars or lOV2 Rupees).