Produce Prices
p. 83 · Read in the full issue
Unless otherwise stated, quotations are in Australian currency. Australian dollar (April clnnTB 03 S / n- eW N Zea j a . nd ' 51.0122 (buying), ..f’"' $1.0675 (buying, $1.0435 (selling); Western Samoa, $0 8216 (buying), $0.8104 (selling); US, $1.3478 (buying), $1.3428 (selling); UK, 0.5683 np 0.5633 (selling); French 7lci(”c' (bu V m 9)' 102 CFP (selling); Tonga $0.8826 (buying), $0.8650 (selling). 9 '
Copra
Copra industries are controlled through copra boards in PNG, the Solomons, the GEIC, both Samoas, Fiji, Tonga, the Cooks and the US Trust Territory. New Hebrides, French Polynesia and New Caledonia do not have boards and copra is either sold individually by growers to overseas buyers or used locally.
NEW GUINEA: The board, with planters' reps directs distribution and sales and pays Planters. Shipments are made to UK, European markets and to Australia and Japan, and coco nut oil mills on New Britain.
Prices, April 1, were; Per metric tonne de hyered mam ports, hot-air dried, $122; FMS, $119; smoke-dried, $ll7.
The 21% export tax on copra has been lifted from March 27.
FIJI:—The board fixes prices on Philippines copra, taking into account freight, taxes, selling costs, shrinkage, etc. Prices from April 14 were: Ist grade, $153, 2nd grade, $143, s.s. $BO.
NEW HEBRIDES: Copra sold direct by planters to France and Japan. Burns Philp (NH) and CFNH (April) were buying copra at 6,000 FNH per ton on wharf, Vila or Santo.
The British Co-operatives Dept, was paying 6 cents per kilo to member societies
Other Produce
COCOA—lslands rates are based on Ghana prices. Ghana price on April 1 was spot £stg 614 ton, c.i.f.; UK, Continent. Nigerian cocoa was quoted at £stg 500 per ton basis c.i.f. Europe.
April 14. in store Rabaul, export quality, $BBO per tonne; delivered ex wharf Sydney $1025 per tonne.
Solomons.—Delivered to Agriculture Dept, offices in Honiara and Auki. Recent price was 25c per lb dried beans first grade, 20c second grade.
COFFEE.—PNG; Good quality. A grade, 42c
per lb; B grade, 39£c, C grade, 38£c, Y grade, 38£c (ex-store Sydney).
W. Samoa.—Recently, WSTEC ground and dried beans, 60 sene per lb wholesale.
PEANUTS. PNG: Sydney agents reported recently f.0.b., Lae; Kernels—white Spanish 19c lb.
RICE (Aust): —PNG: Dried brown, 25 kilo bags, $298.94 per metric tonne. Vitamin enriched white, 25 kilo bags, $303.94 per metric tonne, all f.o.w. Sydney/Melbourne.
Pacific Islands: Calrose med. grain, white, 25 kilo bags, $3lO per metric tonne. Kulu long grain white, 25 kilo bags, $355 per metric tonne. All prices c.&f. Sydney/Melbourne, VANILLA BEANS. Prices recently were: White and yellow label processed standard packs, $7.50; green label $7.40, c.i.f., Sydney.
Tonga.—sT4.2o, f.0.b., Nukualofa; $T4.50. Mel bourne.