Produce
p. 83 · Read in the full issue
Prices
Unless otherwise shown, quotation* are In istralian dollars. Australian dollar (July 28) ualled: New Zealand, $1.1566 (buying), $1.1498 slling); Papua New Guinea, K 0.8855 (buying), i. 8788 (selling); Fiji, $1.0398 (buying), $1.0158 slling); Western Samoa, tala 0.8824 (buying), tala 1698 (selling); Tonga, pa'anga 1.0275 (buying), ranga 0.9830 (selling); US, $1.1283 (buying), .1235 (sailing); UK, £*tg0.6509 (buying), itg0.6435 (selling); French Pacific, CFP 99.65 uylng), CFP 98.17 (selling).
Copra
Copra industries are controlled through copra tards in PNG, the Solomons, the Gilberts, both imoas, Fiji, Tonga, the Cooks and the US Trust irritory. New Hebrides, French Polynesia and New iledonia do not have boards and copra is either sold dividually by growers to overseas buyers or used :ally.
PNG The board, with planters' reps, directs stribution and sales and pays planters. Shipments e made to UK, European markets and to Australia d Japan, and coconut oil mills in New Britain.
Latest prices less Kl 7 levy were: Per tonne, ilivered main ports, hot air dried, K 266, FMS, K 263, loke dried, $261 FIJI:— The board fixes prices on Philippines ipra, taking into account freight, taxes, selling costs, rinkage, etc. Latest prices to producers were: Fiji 1, 'l2, Fiji 2, $202, CAS $BO NEW HEBRIDES Copra sold direct by planters France and Japan, Burns Philp paying on wharf, Vila Santo. July 20 FNH 12 000; London May 20, 244 met incs 100 kg cif Marseilles.
US TRUST TERRITORY Palau : Ist grade 80, 2nd grade, $l7O, 3rd grade, $l6O, at district mtre, outer islands $155, $145 and $135 for the three ades. Yap: $l6O, $l5O and $l4O respectively at strict centre, outer islands, $135, $125 and $ll5 spectively. Truk, Ponape, Kusaie and Northern ananas $l5O, $l4O and $l3O respectively at district intre, outer islands, $125, $ll5 and $lO5. Marshalls 80 at district centre, $155 outer islands.
COOK ISLANDS— All production is sold to )els Ltd, Auckland. Prices are based on average jrld prices for the prior three or six months and main in force for three months.
SOLOMON ISLANDS Copra Board pays per at Honiara, Yandina and Gizo, 9c Ist grade, BV2C id grade, 7c 3rd grade.
Gilbert Islands 6V2C Per Lb
WESTERN SAMOA Ist grade, T 253 42, 2nd ade T 240.17 fob.
TONGA All copra sold to EEC, recent quotes )t available.
NIUE Standard, $lBO a tonne gross
Other Produce
COCOA Island rates are based on Ghana ice. Ghana.price on July 27 was £stg3 080 ton, cif, < Continent July 28, fob Rabaul, export quality, K 3 200 per nne, delivered ex-wharf Sydney, $3 800 per tonne New Hebrides— London, May 20, 1 150 met incs 100 kg Solomons— Delivered Honiara prices recently are $1 per lb Ist grade, 90c 2nd grade Western Samoa— T 2 402 54 per ton fob CHILLIES Solomons, Honiara buyers pay for y tabasco, Ist grade 40c per lb, 2nd grade, 30c per Long Red is 20c per lb.
COFFEE— PNG July 28, cif Sydney Good quality, per kg: A Grade $3.90; B Grade $3 86; C Grade $3 42, Y Grade $3 40 PEANUTS PNG. Sydney agents reported recently fob Lae, kernals, white Spanish, 19c per lb.
BROOMCORN Fiji, Ist grade 16V?c per lb; 2nd grade, 14 1 /sc 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 Island*: 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 London, July 27. 50c-51c 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 21c per lb for good quality.
BLACK LIP— Solomons: Co-op and private buyers pay 25c per lb for good quality.
GOLD LIP: Solomons: Co-op and private buyers pay 38c per lb BECHE-DE-MER —Solomons: Co-op and private buyers pay: Ist grade $2.50 per lb; 2nd grade $1 80 per lb, 3rd grade, $1.30 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 $4 per lb, depending on quality.
SANDALWOOD',— New Hebrides, London May 20, 345 met francs per 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 $2.50 per lb.
COCONUT OIL: PNG: London, May 20, £stg4Bs ton cif N, Europe ports.
MEAL CAKE:— PNG, London, May 20, £5tg104.77 tonne cif E. Europe ports.
Exchange Rates
FUI:— July 28, Through Bank of NSW, ANZ Bank, Bank of NZ, Bank of Baroda First National City Bank, Aust $ on Fiji, buying SFI =$A.9B.
COOK IS., NIUE;— NZ currency is used NEW HEBRIDES:— July 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 88.35 (buying), FNH 87.29 (selling).
WESTERN SAMOA:— July 28, through Bank of Western Samoa, controlled from NZ, T 1 = $A1.15.
TONGA:— July 28, PI = SAI 02.
Norfolk Is, Solomon Is, Gl, Nauru'—
Australian currency is used, no exchange payable on transactions with Australia.
PAPUA NEW GUINEA:— July 28, Through PNG Banking Corp, Bank of NSW, ANZ Bank, Bank of South Pacific, K 1 = $A 1.14 FRENCH PACIFIC:— Pacific francs (CFP) are used in New Caledonia. Wallis and Futuna Is, and French Polynesia. French Bank, Sydney, July 28, quoted $A = CFP 99.39 (buying), CFP 98.21 (selling), July 27, Paris-London, £1 = 8.3900 francs (buying), 8 3800 francs (selling). CFP-London, £1 = CFP 152.7272 (buying), CFP 152.5454 (selling). CFP to 1 met franc 18.43 (buying), 17.94 (selling).
Banks should be approached for daily rates.
Papua New Guinea’s on-and-off Bialla oil palm project is on again.
An agreement to re-launch the project, in the West New Britain province, was signed in Port Mores by on June 30 by the PNG Govern ment and a consortium of two Euro pean companies.