Produce Prices
p. 133 · Read in the full issue
Unless otherwise stated, quotations are Anstralian currency. Aust. £ equals roximately 16/- Stg., NZ, or W. 10a; 18/- Fiji; 20/- Tonga, Solomons WTHC areas; 196 Pac. Frs.; JU52.25.)
Copra
APUA-NEW GUINEA;—AII production delivered to Copra Marketing Board, trolled by six members, including three iters’ representatives; and the Board cts distribution and sales, and makes ments to the producers. Production i mainly to (a) Unilever, in UK, (b) tralia for local consumption, (c) ihing-mill in Rabaul, and (d) Japan plus as available). Prices generally r with ruling rate in Philippines, with uiums for hot-air dried. •NG Board’s Tentative Purchase es for Copra delivered main ports are: -Air Dried, £7l/10/- per ton; FMS, l/-/- per ton; Smoke-Dried, £69/9/9 ton. tJI: —No Government control—pro srs sell where they wish. Bulk of a goes to crushing-mills in Suva. 26 prices were: HAD £F62/2/6,
Efs9/12/6.
ESTERN SAMOA: Official Copra •d 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 grade. )NGA: Sales are under Government rol. Part of production goes to ipe, under arrangement with Unilever rolled by Philippines prices, and part 0 open market. )LOMON IS.: All production marketed ugh official BSI Copra Board, at )S based on Philippines rate. Output to Unilever, UK; to Australian iers; and the balance on to the open :et. These prices, on July 1, were: grade, £7O/-/-; 2nd grade, £6B/-/-; grade, £63/-/- 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 Copra Board dises the price at; First Grade 1/2 per ton, Second Grade £2/2/1 ton. !W HEBRIDES:—Price on July 15 approximately £ASO/-/- (10,000 francs. French price on July 16 1,050 francs per metric ton, c.i.f., eilles.
'OK IS.:—Copra goes to Abels, Ltd., .uckland, who operate the only NZ i crushing mill Price paid is average on price for previous three months, handling charges. Prices for third ter, July-Sept., 1965, are £NZBO/11/2 grade, £NZ79/6/2 standard grade— f.o.b., Rarotonga.
Other Produce
CO A:—lslands prices are usually I on the rates for Ghana cocoa.
July 22 these were approx. 1.103-105/-/- per ton, c.i.f., Sydney.
N.G.: Sydney buyers on July 26 re d: Quote No. 1: In store, Rabaul, •t quality £72 per ton, ex-wharf ey, £110; quote No. 2: Best quality, vharf Syd., £llO, in store, N.G. £7O (for UK, continent and USA rents).
SAMOA:—Nominal prices quoted in ey, July 7, were: Grade 1,
£ Stg.lss/-/-; grade 2, £Stg.lls/-/-, f.0.b., Apia.
COFFEE: —P.-N.G.: July 26, good quality A grade, per lb. 4/4; B grade 4/2; C grade, 3/6 to 3/9, c.1.f., Sydney.
Approximate overseas c.i.f. coffee prices were reported on July 26 as: Kenya AA £Stg.4l7, A £Stg.4o7, B £Stg.4oo, C £Stg.39s; Tanganyika AA £Stg.39s, A £Stg.3BB, B £Stg.373; Uganda Robusta (standard) f.a.q. £Stg.24o, cleaned and washed £Stg.24s; Bukoba £Stg.37o; Mataari £Stg.43o: Sannani £Stg.4lo.
PEANUTS. P.-N.G.: Sydney agents reported July 26—f.0.b., Lae; Kernels — white Spanish 1/7 lb.; Virginia bunch 1/9 lb.
RUBBER.—P.-N.G. price is based on Singapore rate, which on July 26 was: No. 1 RSS, Spot, August shipment, 68 Straits cents per lb (23.72 d Aust.); September shipment, 68% Straits cents per lb (23.85 d Aust.).
VANILLA BEANS.—Victor Karp Tulk & Co., Sydney, reported July 26: White and yellow label processed, standard packs, 49/6, green label 48/6, c.i.f., Sydney.
RICE (Aust.): (New prices being nego tiated in late July), current prices— P.-N.G.: Dry brown and dressed, 112 lb bags, £5B/10/- per ton, f.o.w. Vitamised and enriched white, 112 lb bags, £65/-/f.o.w. Other Pac. Islands: Dry, white or brown, etc., £6B/-/- (any quantity), f.0.w., Sydney or Melbourne.
PEARL SHELL. —Quotations for Aus tralian M.O.P. Shell on July 26 by Sydney independent shell agents were: Sound £B5O, D £625. E £335, EE £235 (in store Sydney). Cook Islands: Penrhyn £NZ42S (approx.), f.0.b., Raro tonga.
TROCHUS.—Sydney buyers on July 26 indicated the following quotations to Islands producers: No. 1 Papua nominally £9O per ton, f.0.b., Papuan ports; N.G. and 8.5.1.—£85-£9O, f.0.b., Islands ports. No. 2 —Papua—£Bo-£9O per ton; N.G., 8.5.1. £75- £B5 per ton.
GREEN SNAIL SHELL.—Sydney buyers quoted on July 26: No. 1: Ist grade only, £235 on wharf, Sydney. No. 2: £220 (best quality), on wharf, Sydney.
Crocodile Skins.—On July 26
Sydney buyers quoted for 12 in. and over, first grade quality as follows; P.-N.G.— 28/- per in., f.o.b. P-NG ports, small scale (salt water); large scale (fresh water) 16/- per in. 8.5.1. 28/- (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, quoted F 2- (4in. to 7 in.) to F3/- )9 in. to 11 in.) lb for well processed commercial varieties.
SHARK FINS: Chang Sing Loong Co., Suva, offers 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 23, Philippines, in bulk, $277 US (equal to £Stg.99/5/6) per long ton, c.i.f., UK/Nth. European ports. Malayan 1% c.i.f. UK/Nth. Euro pean ports, UQ. NEW YORK: July 23, Philippines, $l9O US c.i.f., Pacific Coast ports. CEYLON: 1,145 Rupees per ton, f.o.b.
COCONUT OIL: LONDON, August ship ment, Ceylon, 1% in bulk, £Stg.l2s.
RUBBER: LONDON, July 26. August shipment c.i.f. 21-l/16d Stg. lb; Spot 20-5/16d Stg. lb; October shipment 20%d Stg. lb. (£1 Australian is equal to about 2.2 US Dollars or 10V 2 Rupees.)