Produce
pp. 94-95 · Read in the full issue
Prices
Unless otherwise shown, quotations are in Australian dollars. Australian dollar (September 26) equalled: New Zealand, $1.1425 (buying), $1.1367 (selling); Papua New Guinea, K 0.8766 (buying), K 0.8700 (selling); Fiji, $1.0261 (buying), $1.0021 (selling); Western Samoa, tala 0.8724 (buying), tala 0.8598 (selling); Tonga, pa'anga 1.0275 (buying), pa'anga 0.9830 (selling); US, $1.1075 (buying), $1.1027 (selling); UK. £5tg0.6377 (buying), £5tg0.6303 (selling); French Pacific, CFP 99.93 (buying), CFP 98.37 (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 main ports, hot air dried, K2OB. FMS, K 205, smoke dried. K 203 FIJI — The board fixes prices on Philippines copra, taking into account freight, taxes, selling costs, shrinkage, etc Latest prices to producers were: Fiji 1, $l9O. Fiji 2 $lBO. CAS $BO NEW HEBRIDES Copra sold direct by planters to France and Japan, Burns Philp paying on wharf. Vila or Santo July 20 FNH 12 000: London May 20, 244 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 Gizo. 9c Ist grade, 8’ ?c 2nd grade, 7c 3rd grade
Gilbert Islands 6'/?C Per Lb
WESTERN SAMOA Ist grade, T 199 50, 2nd grade TlB7 10 fob TONGA All copra sold to EEC, A Grade STI7S.
B Grade STI63.
NIUE Standard, $lBO a tonne gross
Other Produce
COCOA Island rates are based on Ghana price Ghana price on September 28 was £stg2 430 ton, cif, UK Continent.
September 28, fob Rabaul, export quality, K 3 150 per tonne, delivered ex-wharf Sydney, $4 000 per tonne New Hebrides— London, May 20, 1 150 met francs 100 kg Solomons Delivered Honiara prices recently were $1 30 per lb Ist grade, 90c 2nd grade Western Samoa T 2 470 80 per ton fob CHILLIES Solomons, Honiara buyers pay for dry tabasco, Ist grade 40c per lb, 2nd grade, 20c per lb Long Red is 20c per lb
COFFEE PNG September 28 cif Sydney Good quality per kg A Grade $3 90, B Grade $3 85. C Grade $3 85 V Grade $3 70 PEANUTS PNG Sydney agents reported recently fob Lae, kernals. white Spanish. 19c per lb BROOMCORN Fiji Ist grade 17 5c per lb. 2nd grade. 15 5c per lb. 3rd grade. 5c 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 gram, white. 25 kilo bags $320 per tonne Kula long gram white, 25 kilo bags $335 per tonne All prices cif Sydney Melbourne RUBBER— London September 26, 57 50p-59p per kg VANILLA BEANS Prices recently were White and yellow label processing standard packs $7 50 green label $7 40 cif Sydney Tonga —To growers ST7 per lb TROCHUS Solomons Co-op and private buyers pay 21c 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-DE-MER— Solomons Co-op and private buyers pay Ist grade $2 20 per lb; 2nd grade $1 80 per lb, 3rd grade. $1 30 per lb GREEN SNAII Solomons Co-op and private buyers pay 50c per lb TORTOISE SHELL:— Solomons Co-op and private buyers pay max of $5 20 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 $2 50 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 £stglo4 77 tonne cif E Europe ports
Exchange Rates
FIJI - . September 28, Through Bank of NSW. ANZ Bank. Bank of NZ. Bank of Baroda. First National City Bank. Aust $ on Fiji, buying SFI =$A,97 COOK IS., NIUE;— NZ currency is used NEW HEBRIDES:— September 28. Through Banque Nationale de Pans (Sydney), Indosuez Bank.
ANZ Bank, Bank of NSW. National Bank of Aust, Commercial Banking Co of Sydney, Commercial Bank of Aust, Hong Kong and Shanghai Banking Corp, Barclays Bank International. SAI = FNH 88 43 (buying) FNH 87 40 (selling) WESTERN SAMOA: — September 28, through Bank of Western Samoa, controlled from NZ. T 1 =
Sai 14
TONGA*. — September 28, PI =$A 97
Norfolk Is, Solomon Is, Gt, Nauru:—
Australian currency is used, no exchange payable on transactions with Australia PAPUA NEW GUINEA:— September 28. Through PNG Banking Corp. Bank of NSW ANZ Bank, Bank of South Pacific, K 1 = $A 114 FRENCH PACIFIC:— Pacific francs (CFP) are used in New Caledonia Wallis and Futuna Is, and French Polynesia French Bank, Sydney. September 28 quoted $A = CFP 99 66 (buying) CFP 98 50 (selling) September 27, Pans-London. £1 = 8 5920 francs (buying). 8 5880 francs (selling) CFP-London, £1 = CFP 156 3636 (buying), CFP 156 1818 (selling) CFP to 1 met franc 18 43 (buying). 17 94 (selling) Bank* should be approached for daily rates.
Three coastal villages near
Rakiraki. Fiji, hope to produce salt
commercially if their pilot salt pro
ject is successful.
They are being advised in the
work by an Australian specialist. Mr
Lancelot Boord.