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STOCKS PILE UP

Received Wednesday, 10.15 p.m. LOXDOX, Sept. 18. Rubber stocks are piling up on estates throughout Malaya as produc tion steadily iucreases, but the growers cannot lind buyers at even ten per cent. below the official price, states Reuter'.Singapore correspondent. August e: ports of 70,649 tons were 30,00(1 abovtthose in July but there were still more than 00,000 tons in stockpiles at tu end of August. Rubber authorities in Hingapore be lieve any establishment of a free raar ket would stabilise the price lid to 2c below the present eontrol level tiu dealers believe stocks would then In .quickly liquidated.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHRONL19460919.2.23.1

Bibliographic details

Chronicle (Levin), 19 September 1946, Page 5

Word Count
102

STOCKS PILE UP Chronicle (Levin), 19 September 1946, Page 5

STOCKS PILE UP Chronicle (Levin), 19 September 1946, Page 5

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