Produce Prices
p. 76 · Read in the full issue
Unless otherwise stated, quotations are in Australian currency. Australian dollar (June 10) equals New Zealand, $1.0183 (buying), $1.0139 (selling); Fiji, $1.0753 (buying), $1.0513 (sell ing); Western Samoa, tala 0.8200 (buying), 0.8087 (selling); Tonga, pa'anga 0.8826 (buy ing), pa'anga 0.8650 (selling); US, $1.3451 (buying), $1.3401 (selling); UK, £0.5818 (buy ing), £0.5768 (selling); French Pacific, CFP 99.055 (buying), 97.451 (selling),
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 tonne, de livered main ports, hot-air dried, k 145; FMS, k 142; smoke-dried, kl4o.
FIJI:—The board fixes prices on Philippines copra, taking into account freight, taxes, selling costs, shrinkage, etc, prices from June 9 were: Ist grade, $ll6, 2nd grade, $lO6, s.s. $BO.
NEW HEBRIDES: Copra sold direct by planters to France and Japan. Burns Philp paying on wharf, Vila or Santo, May 19 3500 NHF, June 6, 88 met francs.
US TRUST TERRITORY:— Ist grade, $2OO, 2nd grade, $l9O, 3rd grade, $lBO. Outer islands, $175, $165 and $155 ton for the three grades, if serviced by government ships, and $165, $155 and $145 if serviced by private ships.
COOK ISLANDS.— AII production is sold to Abels Ltd, Auckland. Prices are based on average world prices for the prior three or six months, and remain in force for three months.
GILBERT ISLANDS.— SI79.2O a ton, or 8c a pound.
WESTERN SAMOA:— Ist grade, SWSIO2; 2nd grade, $W589.50.
Other Produce
COCOA. —Islands rates are based on Ghana prices. Ghana price on June 10 was spot £Stg 554 ton, c.i.f., UK, Continent.
June 10, in store, Rabaul, export quality, k 720 per tonne; delivered ex wharf Sydney $B3O per tonne.
Solomons. —Delivered to Agriculture Dept, offices in Honiara and Aukl. Recent price was 25c per lb dried beans first grade, 20c second grade COFFEE. —PNG: Good quality. A grade, 48c per lb; B grade, 46c; C grade, 44c; Y grade, 43aC (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 tonne. Vitamin enriched white, 25 kilo bags, $303.94 per tonne, all f.o.w. Sydney/Melbourne.
Pacific Islands; Calrose med. grain, white, 25 kilo bags, $3lO per tonne. Kulu long grain white, 25 kilo bags, $355 per tonne. All prices c.&f. Sydney/Melbourne.
RUBBER. —Singapore, June 10: 27.50 c a kilo.
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; 5T4.50, Mel bourne.