Produce
p. 75 · Read in the full issue
Prices
Unless otherwise shown, stated quotations are In Australian currency. Australian dollar (Apr 27) equalled; New Zealand, $1.1507 (buying), $1.1449 (selling); Papua New Guinea, K 0.8855 (buying), K 0.8788 (selling); Fiji, $1.0358 (buying), $l.OllB (selling); Western Samoa, tala 0.8602 (buying), tala 0.8479 (selling); Tonga, pa anga 1.0275 (buying), pa anga 0.9830 (selling); US, $1.1061 (buying), $1.1013 (selling); UK, £0.6456 (buying), £0.6382 (selling); French Pacific, CFP 100.33 (buying), CFP 98.78 (selling).
Copra
Copra industries are controlled through copra boards in PNG. the Solomons, the Gilberts, 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 PNG 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 coconut oil mills in New Britain.
Latest prices less Kl 7 levy were: Per tonne, delivered mam ports, hot air dried, K 266, FMS, K 263, smoke dried. $261 FIJI — The board fixes prices on Philippines copra, taking into account freight, taxes, selling costs, shrinkage, etc Latest prices to producers were: Fiji 1, $233 50, Fiji 2, $223 50, CAS $BO NEW HEBRIDES Copra sold direct by planters to France and Japan, Burns Philp paying on wharf, Vila or Santo Mar 21 FNH 18,000; London Apr 22, 259 met francs 100 kg cif Marseilles US TRUST TERRITORY Palau Ist grade $lBO, 2nd grade, $l7O, 3rd grade. $l6O, at district centre, outer islands $155. $145 and $135 for the three grades Yap: $l6O, $l5O and $l4O respectively at district centre, outer islands, $135, $125 and $ll5 respectively Truk, Ponape, Kusaie and Northern Marianas: $l5O, $l4O and $l3O respectively at district centre, outer islands, $125, $ll5 and $lO5 Marshalls $lBO at district centre, $155 outer islands.
COOK ISLANDS All 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.
SOLOMON ISLANDS — Copra Board pays per lb at Honiara, Yandina and G«zo, 8c Ist grade. 7V?c 2nd grade, 6V?c 3rd grade
Gilbert Islands 6V?C Per Lb
WESTERN SAMOA- Ist grade, T 253 42, 2nd grade T 240 17 fob TONGA— All copra sold to EEC. Ist grade.
SP7O, 2nd grade, SPSB NIUE Standard, $lBO a tonne gross
Other Produce
COCOA — Island rates are based on Ghana price Ghana price on Apr 28 was £stg2,42B ton, cif, UK Continent Apr 28, fob Rabaul, export quality, K 2.900 per tonne, delivered ex-wharf Sydney, $3,690 per tonne New Hebrides — London, Apr 22, 1,005 met francs 100 kg Solomons— Delivered Honiara prices recently were 45c per lb Ist grade, 35c 2nd grade Western Samoa T 2402 54 per ton fob CHILLIES — Solomons, Honiara buyers pay for dry tabasco, Ist grade 38c per lb, 2nd grade, 28c per lb Long Red is 20c per lb COFFEE — PNG Apr 1 Good quality, per kg: A Grade $6 85. B Grade $6 81; C Grade $6 77 Y Grade $665 PEANUTS PNG Sydney agents reported
recently fob Lae, kernals, white Spanish, 19c per lb BROOMCORht — Fiji, Ist grade I6V2C per lb; 2nd grade, 14'/?c per lb; 3rd grade, 4c 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 fow Sydney/Melbourne Pacific Islands: Calrose med grain, white, 25 kilo bags, $320 per tonne Kula long grain white, 25 kilo bags, $335 per tonne All prices cif Sydney/Melbourne RUBBER Singapore, Apr 27, 51c-52 50c per kg VANILLA BEANS Prices recently were: White and yellow label processing standard packs, $7 50, green label $7 40 cif Sydney Tonga P 4 20 fob Nukualofa, $4 50 Melbourne.
TROCHUS: — Solomons; Co-op and private buyers pay 20c per lb for good quality BLACK LIP — Solomons: Co-op and private buyers pay 26c per lb for good quality GOLD LIP: Solomons: Co-op and private buyers pay 38c per lb BECHE-OE-MER Solomons: Co-op and private buyers pay: Ist grade $2 per lb; 2nd grade $1 40 per lb; 3rd grade, $llO per lb GREEN SNAIL Solomons: Co-op and private buyers pay 42c per lb.
TORTOISE SHELL:— Solomons: Co-op and private buyers pay max of $5 per lb, depending on quality SANDALWOOD:— New Hebrides, London Apr 22, 345 met francs 100 super ft SHARK FINS;— Gilbert Is Co-op Federation pays per lb, $1 32 Ist grade, $1 2nd grade, 80c 3rd grade Solomons: Co-op and private buyers pay $1 20 per lb COCONUT OIL: PNG: London, Apr 22, £stgs2o ton cif N. Europe ports.
MEAL CAKE:— PNG, London, Apr 27. £5tg115.24 tonne cif E. Europe ports
Exchange Rates
FIJI; — Apr 28, Through Bank of NSW, ANZ Bank, Bank of NZ, Bank of Baroda, First National City Bank, Aust $ on Fiji, buying SFI =$A 99 COOK IS., NIUE: — NZ currency is used NEW HEBRIDES;— Apr 28, Through Banque Nationale de Paris (Sydney), Indosuez 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 89 07 (buying), FNH 88 00 (selling) airmail transfer rate WESTERN SAMOA* — Apr 28, through Bank of Western Samoa, controlled from NZ, T 1 = SAI 18 TONGA: — Apr 28, PI = SAI 02
Norfolk Is, Solomon Is, Gl, Nauru:—
Australian currency is used, no exchange payable on transactions with Australia PAPUA NEW GUINEA:— Apr 28, Through PNG Banking Corp, Bank of NSW, ANZ Bank, Bank of South Pacific, K 1 = SAI 14 FRENCH PACIFIC:— Pacific francs (CFP) are used in New Caledonia, Wallis and Futuna Is, and French Polynesia French Bank, Sydney, Apr 29, quoted $A = 100 20 CFP (buying), 99 01 CFP (selling).
Apr 28, Paris-London, £1 = 8 5300 francs (buying), 5 250 francs (selling) CFP-London, £1 = 155 1818 CFP (buying), 155 CFP (selling). CFP to 1 met franc 18 43 (buying). 17 94 (selling) Banks should be approached for daily rates.
• The extraordinary high world
prices for coffee gave a big boost, of more than 300% , to the profit of
New Guinea trader and hotelier,
Collins and Leahy Holdings Ltd, in
the December half-year. The profit
was K 1,092,309. Revenue was $6.1
million compared with K 3.2 million
in the six months to December 31, 1975.