Produce Prices

Unless otherwise stated, quotations are Australian currency. Aust. £ equals iroximately 16/- Stg., NZ, or W. aoa; 18/- Fiji; 20/- Tonga, Solomons WPHC areas; 196 Pac. Frs.; 5U52.26.)

Copra

APUA-NEW GUINEA:—AII production delivered to Copra Marketing Board, trolled by six members, including three aters’ representatives: and the Board sets distribution and sales, and makes ments to the producers. Production s mainly to (a) Unilever, in UK, (b) tralia for local consumption, (c) shing-mlll in Rabaul, and (d) Japan rplus as available). Prices generally y with ruling rate in Philippines, with aiiums for hot-air dried. -NG Board’s Tentative Purchase :es for copra delivered main ports are: -Air Dried. £6l/10/- per ton; FMS, D/-/- per ton; Smoke-Dried, 9/-/- per ton.

IJI: —No Government control—pro ers sell where they wish. Bulk of ra goes to crushing-mills in Suva. r 13 prices were: HAD £F6O/15/-,

£Fsb/5/-.

r ESTERN SAMOA;—Official Copra rd takes all production, sells same makes payments to producers. It > mainly to Abels Ltd., NZ crushers, the open market. Local price re ;ly was £56/12/6 Samoan, first le.

ONGA: Sales are under Government :rol. Part of production goes to ape, under arrangement with Unilever :rolled by Philippines prices, and part to open market.

DLOMON IS.: All production marketed iugh official BSI Copra Board, at es based on Philippines rate. Output ; to Unilever, UK; to Australian hers; and the balance on to the open ket. Local price in July was: grade, £6O/-/-; 2nd grade, £5B/10/-; grade, £56/-/- per ton, f.0.b., BSIP s (Honiara, Yandlna and Glzo).

ILBERT AND ELLICE; —Production keted in Europe through official Copra rd, at prices based on Philippines s less freight, etc. The Copra Board lidises the price at: First Grade '4/2 per ton. Second Grade £2/2/1 ton.

EW HEBRIDES;—Price on June 24 approximately £A4I/-/- (8,200 Pac. ics), French price at that time was francs per metric ton, c.i.f., seilles.

OOK IS.:—Copra goes to Abels, Ltd., Auckland, who operate the only NZ •a crushing mill. Price paid is average don price for previous three months, handling charges. Prices for third rter, July-Sept., 1964, is £NZS9/14/8 grade, £NZSB/9/8 standard grade— i f.0.b., Rarotonga.

Other Produce

OCOA: —lslands prices are usually :d on the rates for Ghana cocoa. . shipment is £Stg.2os/-/- per ton, Sydney. -N.G.: Sydney buyers on July 21 re ;ed: Quote No. 1: In store, Rabaul, )rt quality £175 per ton, or on rf Sydney, according to quality: )0; quote No. 2; Best quality, on rf Syd., £205, in store, N.G. ports, 50 (for UK, Continent and USA iments). r . SAMOA:—Nominal prices quoted in ney, July 10, were: Grade 1 :g.175; grade 2, £Stg.l6o, f.0.b., Apia.

COFFEE: P.-N.G.; July 21, good quality A grade, per lb, 4/- to 4/2; B grade 3/9 to 4/-; C grade, 2/9 to 3/6, c.i.f., Sydney.

Overseas c.i.f. coffee prices were re ported on July 14 as Kenya AA £ Stg.4lo (good quality), £Stg.39o (f.a.q.); A Stg.4os (g.q.), £Stg.3Bs (f.a.q.); B £ 5tg.395 (g.q.), £Stg.37s (f.a.q.); C £ Stg.37o (f.a.q.). Uganda Robusta (standard) £ Stg.2B4. Tangan yika AA £ 5tg.375, A £Stg.37o, B £ 5tg.365.

PEANUTS. P.-N.G.: Sydney agents reported July 21—f.0.b., Lae; Kernels— white Spanish 1/5 lb.; Virginia bunch 1/7 lb.

RUBBER.—P.-N.G. price is based on Singapore rate, which on July 20 was; No. 1 RSS, Spot, 66 Va Straits cents per lb (23.05 d Aust.).

VANILLA BEANS.—Victor Karp Tulk & Co., Sydney, reported June 24: White and yellow label processed, standard packs, 32/-, green label 31/3, c.i.f., Sydney.

RICE (Aust.): Prices until May 1, 1965—P.-N.G.; Dry brown and dressed, 112 lb bags, £59/10/- per ton, f.o.w.

Vitamised and enriched white, 112 lb bags, £65/15/- f.o.w. Other Pac. Islands: Dry, white or brown, etc., £6B/-/- (any quantity), f.0.w., Sydney or Melbourne.

T*EARL SHELL.—Quotations for Aus tralian M.O.P. Shell on July 21 by Sydney Independent shell agents were: Sound £B5O, D £625, E £350, EE £235 (in store Sydney). Cook Islands; Penrhyn £NZ42S (approx.), f.0.b., Raro tonga.

TROCHUS. —Sydney buyers on July 17 indicated the following quotations to Islands producers: No. 1. Papua nominally £B5-£9O per ton, f.0.b., Papuan ports; N.G.— £B5-£9O, c.i.f., Sydney; 8.5.1.—£85-£9O, f.0.b., Honiara. No. 2. —Papua—£llo per ton; N.G., 8.5.1. — £9O per ton.

GREEN SNAIL SHELL.—Sydney buyers quoted on July 17: No. 1: £3OO per ton, f.0.b., Rabaul; £2BO on wharf, Sydney. No. 2: £3OO (best quality), on wharf, Sydney; or £305 f.0.b., Islands ports.

Crocodile Skins.—On July 17

Sydney buyers quoted for 12 In, and over, first grade quality as follows: P.-N.G.— 26/- per in., f.o.b. P-NG ports, small scale (salt water); large scale (fresh water) 17/1 per in. 8.5.1. 26/- (small scale) del. Sydney.

PAPUAN GUM: £B2/15/- f.o.b. Islands port, £95 del. Sydney or Melbourne.

BECHE-DE-MER: Chang Sing Loong Co., Suva, quote P 2- (4 in. to 7 in.) to F3/- (9 in. to 11 in.) lb for well processed commercial varieties.

ICEP Pty. Ltd., Sydney, are interested in offers of well prepared edible varieties.

SHARK FINS: Chang Sing Loong Co., Suva, offer F4/6 per lb for well-dried fins of commercial quality. ICEP Pty. Ltd., Sydney, quote 6/6 to 8/6 lb., ex-store Sydney, according to quality.

London and US Quotations

COPRA: LONDON, July 17, Philippines, in bulk, $207 US (equal to £Stg.92/15/1) per long ton c. 1.1., UK/Nth. European ports. Malayan, FMS, NQ, UK/Nth. European ports.

NEW YORK: July 17, Philippines, $187.50 US per short ton, c.1.f., Pacific Coast ports. CEYLON: 955 Rupees per ton, c.i.f.

Coconut Oil: LONDON. July 17, Ceylon, 1% in bulk, £Stg.llo/10/- per ton, c.i.f., UK/North European ports. Straits, 3Vfe%, NQ c.i.f.

Rubber: LONDON, July 20, C.i.f., RSS No. 1 Spot, 19 5 /ad Stg. lb, August nominal, c.i.f., 20 7 /sd Stg. lb, Oct. prompt c.i.f. 20-l/16d Stg. lb. (£1 Australian is equal to about 2.2 US Dollars or 10 Vs Rupees.)