Produce Prices
p. 125 · Read in the full issue
(Unless otherwise stated, quotations are in Australian currency. Australian dollar (April 20) equals New Zealand, $1,002 (buying), $0.9980 (selling); Fiji, $0.9662, $0.9504; Western Samoa, $0.8132, $0.8019; US, $1.1934, $1.1886, UK, 45.7875 np, 45.5373 np; French Pacific, 110.06 FP francs, (selling only); Tonga, $l.
Copra
Copra industries are controlled through copra joards in NG, the Solomons, the GEIC, both Samoas, Fiji, Tonga and the US Trust Territory, Hebrides, the Cooks, French Polynesia and 'Jew Caledonia don't have boards and copra is iither sold individually by growers to overseas )uyers or used for local making of soap, etc The boards were born after World War II md their functions, which vary among terri ories, include orderly selling overseas, main aming stabilisation funds, raising government evenue and developing copra on long-term ases.
NEW GUINEA: The board, with planters' eps, directs distribution and sales and pays lanters. shipments are made to UK, European larkets and to Australia and Japan, and coco ut oil mills on New Britain.
Latest prices, delivered main ports, were: ot-air dried, $lO3 per ton; FMS, $lOO per on,- smoke-dried, $9B per ton.
FIJI:—The board fixes prices on Philippines opra, taking into account freight, taxes, selling )sts, shrinkage, etc. Prices recently were; s * , grade, $79; 2nd grade, $69, CAS, 40.50.
WESTERN SAMOA.- The board makes pay lents to producers through its agents—local fms and sells the copra on the open market ith a portion to Abels Ltd., NZ. Recent 7040 ISt quality ' $B4 - 10 '‘ 2nd quality, TONGA: All copra is sold to the board . sends it to Europe and the ooen arket. Recent prices to growers were Ts6o it grade, and Ts4B 2nd grade, per ton 1,2 c - ln force until July 31.
SOLOMON IS.:—All production through board ? n Philippines rates. Output ies to the UK, Japan, Australia and the rest the open market. Recent prices were: Ist ade $75; 2nd grade, $7l; 3rd grade, $6l £ o j t°n, BSIP ports (Honiara, Yandina and °^r E ELLI S E r 2ic per lb ( ,st grade); per lb (2nd grade).