Lands Produce

iless otherwise stated, quotations are ustralian currency. Aust. £ equals iximately 16/- Stg,. NZ, or W. a; 18/- Fiji; 20/- Tonga, Solomons PHC areas; 196 Pac. Frs.; $U52.25.)

Copra

PUA-NEW GUINEA; —All production jlivered to Copra Marketing Board, oiled by six members, including three ers’ representatives; and the Board ts distribution and sales, and makes tents to the producers. Production mainly to (a) Unilever, in UK, (b) •alia for local consumption, (c) ling-mill in Rabaul, and (d) Japan this as available). Prices generally with ruling rate in Philippines, with iums for hot-air dried. tfG Board’s Tentative Purchase s for copra delivered main ports are: \ir Dried, £AS4/10/- per ton; FMS, 3 per ton; Smoke-Dried, £AS2 per II:—No Government control—pro :s sell where they wish. Bulk of i goes to crushing-mills in Suva.

October 22 prices were HAD

6/15/-, Fm £P44/5/-.

EST E R N SAMOA; —Official Copra d takes all production, sells same makes payments to producers. It mainly to Abels Ltd., NZ crushers, to Unilever, UK. Local price, re y has been £56/12/6 Samoan, first iNGA: —Sales are under Government •01. Part of production goes to pe, under arrangement with Unilever ■oiled by Philippines prices, and part 0 open market.

LOMON IS.: —All production marketed igh official BSI Copra Board, at s based on Philippines rates. Output to Unilever, UK; to Australian xers; and the balance on to the open :et. Local price for October was; trade, £4B/-/-; 2nd grade, £46/10/-; grade, £44/-/- per ton, f.0.b., BSIP 1 (Honiara, Yandina and Gizo).

LBERT AND ELLlCE:—Production ;eted in Europe through official Copra d, at prices based on Philippines less freight, etc. The Govt, recently ased the subsidy to producers to: .5/5 per ton for Ist grade, and .4/7 for 2nd grade. !W HEBRIDES:—On Oct. 23, the i price was approximately £A36/-/- 10 Pac. francs) per ton delivered 'Santo. French price then was 79 y francs per metric ton, c.i.f., eilles. )OK IS.: Copra goes to Abels, Ltd., mckland, who operate the only NZ i crushing mill. Price paid is average [on price for previous three months, handling charges. Price for last ter of 1962 is £NZSO/3/ll Ist e, £NZ4B/18/11 standard grade—both Rarotonga.

Other Produce

)COA: —Islands prices are usually d on the rates for Ghana cocoa which )ct. 23 had recovered to £Stg.l6s/-/ton, c.i.f., Sydney. -N.G.; Sydney buyers on Oct. 23 re ed: Quote No. 1; In store, Rabaul, rt quality £2OO per ton; quote No. 2: quality, on wharf Syd., Melb., £190; tore, N.G. ports, £l7O to £175 Aust. . SAMOA: —Nominal prices quoted in ley in mid-Oct. were: Grade 1, g. 230; grade 2, £Stg.2ls, f.0.b., Apia.

COFFEE.—P.-N.G.: Oct. 23, good quality A grade, per lb. 4/- to 4/2; B grade, 3/9 to 4/-; C grade, 2/9 to 3/4, c.i.f., Sydney.

Overseas c.i.f. coffee prices were reported on Oct. 23 as: Kenya A, f.a.q., £ Stg.42o, B £Stg.3so, C £Stg.3oo; U/G £ Stg.27o; Tanganyika AA £ 5tg.345, A £ 5tg.335, B £Stg.3lo; Buguishu AA £Stg.29s; Uganda Robusta £Stg.l6o.

PEANUTS: P.-N.G.; Sydney agents whHp d s?aiUh 23 i/4 F lb b 'Red a si3aSsh ne i/2' 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 Oct. 23 was: No. 1 RSS, Spot, 77% Straits cents per lb (27 07d Aust ) CO VA^„ L e A y ß r E e^ed V^ r 2 ?: a^h'S lk an^ yellow label processed, standard packs, 38/-, green label 37/-, c.i.f., Sydney.

RICE (Aust.): Prices until April 30. 1963—P.-N.G.: Dry brown and dressed, 112 ib bags, 5 tons and over, £59/-/- per ton, f.0.w.; under 5 tons £59/10/-. Vitamlsed 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 Australian M.O.P. Shell in mid-Oct. by Sydney independent shell agents were; £A?9 d 0 fin B store D Sy £ dney?; Penrhyn £NZSOO (approx.), f.0.b., Rarotonea ~.. , .

TROCHUS.—Sydney buyers in mid-Oct. indicated the following quotations to Islands producers; No. I.—Papua— nominally £ll5 to £l2O per ton, f.0.b., Papuan ports; N.G. — £lO5, c.i.f., Sydney;

£llO, fo b > Horn?;™- No. 2.

Papua—£9s per ton, N.G.. 8.*.1. £9O per ton.

GREEN SNAIL SHELL.—Sydney buyers quoted on Oct. 23; No. 1: M^ 30 9 °‘f oao per ton, f.0.b.. .Islands; port. No. 2. £2BO (best quality), on wharf, Sydney, or £290, f.0.b., Islands port.

Crocodile Skins.—On Oct. 23

Sydney buyers quoted for 12 in. and over, grade .^"aljty b aSp^gws^ P.-N.G.— scale fsalt water) ; large scale (fresh wa t e r) 10/- per in 8.5.1.—16/- per in.

7”S scale) *lll Sydney.

PAPUAN GUM: £B2/15/- f.o.b. Islands ,

port -

BECHE-DE-MER: Chang Sing Loong Co., SHARK FINS: Suva mechants offer P 3- per lb for well-dried fins of com

merclal “uality

, , j up a..

London and US Quotations

copra: LONDON, Oct. 22, Philippines, in $167 us per long ton, c j f UK/Nth. European ports. Malayan, de ii V ered weights, c.i.f. UK/Nth.

European ports, £ Stg.6o per long ton.

NEW YORK: Oct. 22, Philippines, $l5l us per shor t ton, c.i.f., Pacific Coast ports.

CEYLON: 790 Rupees per ton c.i.f. « . nsi. t owrinN Ort 01 Cevlon Coconut 01! . LONDON, Oct. Ceylon.

UK/North European ports. Straits. 3%. £fatg.BB/-/-, c.i.i.

Rubber: LONDON, Oct. 22, c.i.f., RSS No 1 Spot, 23V4d. Stg. lb (nominal); shipment 23V8d Stg lb Oct. ship- J*®-. 02-15/16d Ste lb ment 22-15/16d. Stg. lb. (£1 Australian is equal to about 2.25 US Dollars or 10% Rupees).