Produce Prices
p. 133 · Read in the full issue
(Unless otherwise stated, quotations are in Australian currency. Aust. £ equals approximately 16/- Stg.. NZ, or W.
Samoa; 18/- Fiji; 20/- Tonga, Solomons & WPHC areas; 196 Pac. Frs.; 5U52.25.)
Copra
PAPUA-NEW GUINEA:—AII production is delivered to Copra Marketing Board, controlled by six members, including three planters’ representatives: and the Board directs distribution and sales, and makes payments to the producers. Production goes mainly to (a) Unilever, in UK, (b) Australia for local consumption, (c) crushing-mill in Rabaul, and (d) Japan (surplus as available). Prices generally tally with ruling rate in Philippines, with premiums for hot-air dried.
P-NG Board’s Tentative Purchase Prices for copra delivered main ports are: Hot-Air Dried, £59/-/- per ton; FMS, £57/10/- per ton; Smoke-Dried, £56/10/- per ton, FIJI: —No Government control—pro ducers sell where they wish. Bulk of copra goes to crushing-mills in Suva.
Aug. 26 prices were: HAD £FS4/5/-,
Fm £Fsi/15/-.
WESTERN SAMOA:—Official Copra Board takes all production, sells same and makes payments to producers. It goes mainly to Abels Ltd., NZ crushers, and to Unilever, UK. Local price re cently was £56/12/6 Samoan, first grade.
TONGA:—Sales are under Government control. Part of production goes to Europe, under arrangement with Unilever controlled by Philippines prices, and part on to open market.
SOLOMON IS.: —All production marketed through official BSI Copra Board, at prices based on Philippines rate. Output goes to Unilever, UK; to Australian crushers: and the balance on to the open market. Local price in August was: Ist grade, £53/-/-; 2nd grade, £5l/10/-; 3rd grade, £49/-/- per ton, f.0.b., BSIP ports (Honiara, Yandina and Gizo), GILBERT AND ELLICE: —Production marketed in Europe through official Copra Board, at prices based on Philippines rates less freight, etc. The Government subsidy to producers is: £7/15/5 per ton for Ist grade, and £3/14/7 for 2nd grade.
NEW HEBRIDES:—On Aug. 15, the copra price was approximately £42/-/- (8,400 Pac. francs) per ton delivered Vila/Santo. French price then was 920 francs per metric ton, c.i.f., Marseilles.
COOK IS.: Copra goes to Abels, Ltd., of Auckland, who operate the only NZ copra crushing mill. Price paid is average London price for previous three months, less handling charges. Price for third quarter, July-Sept., 1963, is £NZS6/15/11 Ist grade, £NZSS/10/11 standard grade— both f.0.b., Rarotonga.
Other Produce
COCOA:—lslands prices are usually based on the rates for Ghana cocoa which on Aug. 27 was £ Stg. 195/-/- per ton, c.i.f., Sydney.
P.-N.G.: Sydney buyers on Aug. 28 re ported: Quote No. 1: In store, Rabaul, export quality £2OO per ton, or on wharf Sydney, according to quality: £195-£220; quote No. 2: Best quality, on wharf Syd., Melb., £230, in store, N.G. ports, £2lO (for UK, Continent and USA ship ments).
W. SAMOA:—Nominal prices quoted in Sydney, Aug. 23, were: Grade 1, £ Stg.22o; grade 2, £Stg.2os, f.0.b., Apia.
COFFEE.—P.-N.G.; August 29, good 2rarip ty t/q g^ ad f/ P6 £ lb ’ f /2 ’ B ® r i a f de ’ 4/- ’ C grade ’ 2/9 t 0 3 / 4 > c.i.i., byaney.
Overseas c.i.f. coffee prices were reported on Sept. 2 as: Kenya A, f.a.q., £ Stg.4oo, B £ Stg.3so, C £Stg.32s; Uganda Robusta £Stg.2os.
Peanuts P Mr '
reported Aug. =9.. -tof' Se; white Bpanisli 1/5 lb,; Virginia bunch 7 RUBBER.—P.-N.G. price is based on Singapore rate, which on Sept. 2 was: No. 1, RSS, Spot, 67 7 / 8 Straits cents per 1b (23.66 d Aust.).
VANILLA BEANS: Victor Karp Tulk & Co., Sydney, reported Aug. 28: White and yellow label processed, standard packs 30/-, green label 29/-, c.i.f., Sydney ’
RICE (Aust.); Prices until May 1, 1964—P.-N.G.: Dry brown and dressed,
£sa/io/- Ser g toi ho.w^vitamfsed“lnd
o?er? h £6SAA ’ f.o.w. ‘ OthT pae.Tsfand""
Dry, white or brown, etc. £67/10/- (any quantity), f.0.w., Sydney or M^um'e.
PEARL SHELL.—Quotations for Australian M.O.P. Shell on Aug. 28 by Sydney independent shell agents were: Sound £750, D £5OO. E £3OO, EE £l9O (in store Sydney). Cook Islands: Penrhyn £NZ42S (approx.), f.0.b., Rareton Sa. -ronruTTo . . .
TROCHUS.—Sydney buyers on Aug. 28 indicated the following quotations to Islands producers: No. I.—Papua— nominally £95 per ton, f.0.b., Papuan ports; N.G.— £9O. c.i.f., Sydney; 8.5.1 £9O, f.0.b., Honiara. No. 2.—Papua— £loo per ton; N.G., 8.5.1. £lOO per ton.
GREEN SNAIL SHELL.—Sydney buyers dUOted on Aug. 28: No. 1: £250 per ton - f-0.b., Islands port. No. 2: £3OO (best quality), on wharf, Sydney; or £305 fob > Islands port,
Crocodile Skins.—On Aug. 29
Sydney buyers quoted for 12 in. and over, first grade quality as follows: P.-N.G.— 22 / 6 P er in -> f-o.b. P-NG ports, small
““£) 'Ts/3 “iA bT, ,'Sj
® cal t) dll Sydney 7 <Sm “ ll PAPUAN GUM: £B2/15/- f.o.b. Islands
port -
BECHE-DE-MER: Chang Sing Loong Co., Suva, quote F 2- (4 in. to 7 in.) to P3/- (9 iu. to 11 in.) lb for well processed commercial varieties. t™ SI ? ARK if 11 ? 81 s V, va , merch ants offer F4/6 , Per lb for well-dried fins of com mercial quality. Sydney buyers quote 6/to 8/- lb., ex-store Sydney, according to quality.
London and us Quotations
bu fr toq?aT to’ P £St P g P 67/l'/7? (edUa \. t° £ st |-67/3/7) cif - UK/Nth. European ports, N -Q- NEW YORK: Aug. 28, Philippines, $168.50 US per short ton, c.i.f., Pacific Coast ports. CEYLON: 925 Rupees per ton cif - Coconut OH: LONDON, Aug. 28, Ceylon 1% in bulk £ Stg. 106/-/- per ton, c.i.f.’, UK/North European ports. Straits, 3%, £Ste99/-/- r i f 7 cxr. . , Rubber. LONDON, Sept. 2, c.i.f., RSS No - 1 Spot - 20%d Stg, lb, Nov. ship ment 20%d st S- lb - Sept - 20d Stg. lb (£1 Australian is equal to about 2.2 US Dollars or lOV2 Rupees.)