Produce Prices
p. 68 · Read in the full issue
Unless otherwise stated, quotations are in Australian currency. Australian dollar (Feb ruary 16) equalled: New Zealand, $1.2063 (buying), $1.2019 (selling); Fiji, $1.0976 (buying), 51. 0736 (selling); Western Samoa, tala, 0.9692 (buying), 0.9550 (selling); US, $1.2659 (buying), $1.2609 (selling); UK, £06261 (buying), £0.6207 (selling); Tonga, pa'anga, 0.8826 (buying), 0.8650 (selling); French Pacific, CFP, 103.42 (buying), 101.87 (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.
Tentative prices are: Per tonne, delivered main ports, hot-air dried, K 136; FMS, K 133; smoke-dried, Kl3l.
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 NK'F, Feb 6, 89 met francs 100 kg cif Marseilles.
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.