Produce
p. 75 · Read in the full issue
Prices
Unless otherwise shown, stated quotations are i Australian currency. Australian dollar (Jan 4) quailed: New Zealand, $1.1415 (buying), $1.1357 selling); Papua New Guinea K 0.8855 (buying), 0.8788 (telling): FIJI. $1.0358 (buying), $l.OllB telling); Tonga, paanga 1.0100 (buying), .9900 telling); Western Samoa, tala 0.8532 (buying), .8140 (telling): US. $1.0898 (buying), $1.0850 telling); UK, £.6418 (buying), £.6344 (telling); rench Pacific, 98.99 (buying), 97.46 (telling).
Copra
Copra industries are controlled through copra cards in PNG. the Solomons, the Gilberts, both amoas, Fiji. Tonga, the Cooks and the US Trust erntory New Hebrides, French Polynesia and New aledonia do not have boards and copra is either )ld individually by growers to overseas buyers or sed locally PNG:— The board, with planters' reps, directs istnbution and sales and pays planters Shipments re made to UK, European markets and to Australia nd Japan, and coconut oil mills in New Britain Latest prices are: Per tonne, delivered main orts, hot air dried, K 182; FMS, K 179; smoke dried, 177 (prices include Kl 6 bounty).
FIJI: — The board fixes prices on Philippines opra, taking into account freight, taxes, selling osts, shrinkage, etc Latest prices were; Fiji 1, 247.25, Fiji 2, $237.25, CAS $218.25.
NEW HEBRIDES:— Copra sold direct by ilanters to Franceand Japan, Burns Philp paying on Yharf, Vila or Santo. Dec 13 FNH 13,500; London )ec 24, 187 met francs 100 kg cif Marseilles US TRUST TERRITORY: Palau: Ist grade, $lBO, nd grade, $l7O, 3rd grade, $l6O, at district centre; uter islands $155. $145 and $135 for the three rades Yap $l6O, $l5O and $l4O respectively at istrict centre; outer islands, $135. $125 and $ll5 sspectively Truk, Ponape. Kusaie, Marshalls and lorthern Marianas $l5O, $l4O and $l3O respec vely at district centre, outer islands, $125, $ll5 and 105 COOK ISLANDS:— All production is sold to ibels Ltd, Auckland Prices are based on average rorld prices for the prior three or six months, and emain in force for three months SOLOMON ISLANDS:— Copra Board pays, >er lb at Honiara, Yandina and Gizo, 74 Ist grade, >4 2nd grade, 54 3rd grade.
GILBERT ISLANDS:- $134,40 a ton, or 64 a lb
Western Samoa:- Ist Grade, Swsib7.Io,
'nd grade SWSI74 00 TONGA:— All copra sold to EEC, Ist grade, IP7O, 2nd grade, SPSB NIUE:— Standard, $147 a tonne gross
Other Produce
COCOA:— Island rates are based on Ghana »rice, Ghana price on Jan 4 was £stg2,os4 ton, cif, JK continent.
Jan 5, fob Rabaul, export quality K 2.500 per onne, delivered ex wharf Sydney $3,080 per tonne.
New Hebrides:— London, Dec 24,965 metfrancs 100 kg Solomons;— Delivered Honiara prices recently vere 454 per lb Ist grade, 35C 2nd grade Western Samoa:— London, Oct 29. Dec/Jan hipment £stgl,7so ton fob Apia.
CHILLIES:— Solomons, Honiara buyers pay for Iry tabasco, Ist grade, 384 per lb, 2nd grade, 28C per b Long Red is 20C per lb COFFEE:— PNG Jan 4. Good quality. A grade 14 90 per kg; B grade $4 86 per kg; C grade $4.81; / grade $4.78 (ex-store Sydney).
W. Samoa;— Recently, WSTEC ground and tried beans. 604 per pound wholesale
PEANUTS:— PNG: Sydney agents reported recently F O B Lae; Kernels white Spanish 194 lb.
BROOMCORN;— Fiji, Ist grade IS'/jC lb, 2nd grade 14’/j4 per lb, 3rd grade 44 per 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, $320 per tonne. Kulu long grain white, 25 kilo bags $335 per tonne. All prices c.i.f.
Sydney/Melbourne.
RUBBER:— Singapore, Jan 5 50.50C-52.50C per kg VANILLA BEANS:— Prices recently were: White and yellow label processing standard packs, $7 50; green label $7.40, c.i.f. Sydney. Tonga $P4.20, f o b., Nukualofa. $P4.50 Melbourne.
TROCHUS:— Solomons: Private companies pay 18C per lb for good quality.
BLACK LIP:— Solomons: Private companies pay 22C for good quality.
BECHE-DE-MER:— Solomons: Private com panies pay: Ist grade $1 60 per lb; 2nd grade $1.30 per lb; 3rd grade $1 per lb.
GREEN SNAIL:— Solomons: Private com panies pay 30C per lb.
GOLD LIP;— Solomons: Ist grade. 38C per lb.
TORTOISE SHELL:— Solomons: $l.BO $4 per lb.
SANDALWOOD:— New Hebrides: London, Nov 19, 340 met francs 100 super ft.
SHARK FINS:— Gilbert Is Co-op Federation pays per lb, $1.32 Ist Grade; $l.OO 2nd Grade, 80C 3rd Grade.
COCONUT OIL: PNG; London. Nov 19, £stg34s ton. c.i.f N. Europe ports.
MEAL CAKE:— PNG, London, Dec 24, £stgll2 tonne, c.i.f. N. Europe port.
Exchange Rates
FIJI: — Jan 4. Through Bank of NSW, ANZ Bank, Bank of NZ, Bank of Baroda, First National City Bank, Aust $ on Fiji buying SFI = $A1.05.
COOK IS., NIUE New Zealand currency is used NEW HEBRIDES Jan 4 Through Banque Nationale de Paris (Sydney), Indoseuz Bank, ANZ Bank, Bank of NSW, National Bank of Aust.
Commercial Banking Co of Sydney, Commercial Bank of Aust, Hong Kong and Shanghai Banking Corp, Barclays Bank International, SAI FNH 88.04 (buying) 86.16 (selling) —airmail transferrate.
WESTERN SAMOA Through Bank of Western Samoa, controlled from NZ. SWSI (tala) = $A1.17.
TONGA Tongan dollar (pa anga) = SAI.OI
Norfolk Is, Solomon Is, Gl, Nauru
Australian currency used, no excange payable in transactions with Australia.
PAPUA NEW GUINEA:— Jan 4: Through PNG Banking Corp, Bank of NSW, ANZ Bank, Bank of South Pacific. $A = K 0.92.
FRENCH PACIFIC - Pacific francs (CFP) are used in New Caledonia, Wallis and Futuna Is, and Fr Polynesia, French Bank, Sydney, Jan 4 quoted $A = 99.04 CFP (buying), 96.95 (selling), Paris-tondon £1 = 8.4250 francs (buying), 8.4150 francs (selling) CFP-London, £1 = 154.95 CFP (buying), 150.92 CFP (selling) CFP to 1 met franc 18.43 (buying), 17.94 (selling).
Banks should be approached for daily rates.
• Gollin Kyokuyo Pty Ltd, Kavieng,
paid K 108,600 to the New Ireland
Bait Royalty Association’s account
between April and October 1976.
Over the period the company made 19
shipments of skipjack and yellow-fin
tuna to markets in American Samoa,
Japan, Guam and America. The
shipments also included smoked fish
for Japan.