Little U.K, Interest In N.Z. Small Seeds

Press, Volume C, Issue 29515, 17 May 1961, Page 19

Little U.K, Interest In N.Z. Small Seeds

United Kingdom seed merchants are chiefly concerned with selling their holdings for spring sowing and until this has been done little interest is expected in new crop purchases from NewZealand. reports the produce department of the Bank of New Zealand. In perennial ryegrass some merchants are holding seed which cost 180 s to 185 s. c.i.f., hoping to see some improvement in values, but there are some sellers of mother seed by vessels afloat for March arrival at 145 s to 150 s, c.i.f.. with permanent pasture for mid-April arrival at 142 s 6d c.tf.. all with high analyses. New crop pp. perennial is quoted at 125 s to 132 s 6d per cwt., c.i.f.. United Kingdom HI short rotation ryegrass is offered at 170 s. ci.f. 99/90 analyses by vessel due in London about April 20. A small quantity of mother seed for May’June shipment to London 99'90 analysis was sold at 1465, c.i.f.

New crop white clover has I suffered severely from wet weather and some seed delivered into store was reported badly sprouted With arrivals so far confined to a few shipments from New Zealand, the United Kingdom demand for maple peas is expected to be more active in forward buying. Offers for New Zealand No. 1 grade new crop, for shipment. have varied from 50s to 52s per cwt., c.i.f. United Kingdom ports, with little interest because United Kingdom merchants still had stocks. The pigeon racing season continues till August bu: mixtures have been used to cheapen the food and a feature this year is a large supply of low-priced tic beans in the feed mixture. Nevertheless. supply and demand for maples are likely to become more nearly balanced in the coming weeks. No sales have been reported for New Zealand garden seed peas.

the previous June 30 year. This was after providing tax of £18.997 (£34,756) and depreciation of £7531 (£16.167). Gross profit for the six months was £107.449 compared with £188.185 in the year to June 30, and expenses totalled £61.939 against £103,542. leaving a trading profit of £38.279 (£68.776). The dividend was maintained at the rate of 7 per cent, and took £8750 for the six months, while a transfer of £7500 was made to general reserve which received £12.500 in the previous year.