Produce Prices
p. 76 · Read in the full issue
Unless otherwise stated quotations are in Australian currency. Australian dollar (Novem ber 13) equals—New Zealand, $1.2036 (buying), $1.1992 (selling); Fiji, $1.0958 (buying), $1.0718 (selling); Western Samoa, tala 0.9678 (buying), $0.9544 (selling); Tonga, pa'anga 0.8826 (buying), 0.8650 (selling); US, $1.2711 (buying), $1.2661 (selling); UK, £0.6174 (buy ing), $0.6120 (selling); Pacific, CFP 101.69 (buying), 100.14 (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 are: Per tonne, delivered main ports, hot-air dried, K 145; FMS, K 142; smoke-dried,
Kuo.
FIJI: —The board fixes prices on Philippines copra, taking into account freight, taxes, selling costs, shrinkage, etc. The price is subsidised.
Latest prices were: Fiji 1, $190; Fiji 2, $171;
Cas, $7O.
NEW HEBRIDES; Copra sold direct by planters to France and Japan. Burns Philp paying on wharf, Vila or Santo, Oct 31 4.000 NHF, Nov 7, 85 met francs 100 kg cif Mar seilles.
US TRUST TERRITORY:—Ist grade, $9O, 2nd grade, $BO, 3rd grade, $7O. Outer Islands, $65, $55 and $45 ton for the three grades.
if serviced by government ships and $55, $45 and $35 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, $W5134.50; 2nd grade, SWSI2I.
Other Produce
COCOA.—lslands rates are based on Ghana prices. Ghana price on Nov 14 was spot £stg663 ton, c.i.f., UK Continent.
Nov 14, in store, Rabaul, export quality, KB5O per tonne; delivered ex wharf Sydney $l,OlO 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, Nov 14: Good quality, A Grade 153 c per kg; B Grade, 149 c; C Grade 143 c, Y Grade, 143 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 klle 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, Nov 12: 32.75 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—sl4.2o, f.0.b., Nukualofa; $T4.50, Mel bourne.