Oats Are A Surplus On N.Z. Market

Chronicle (Levin), 30 September 1949, Page 6

Oats Are A Surplus On N.Z. Market

Press • ASsociation )

(Per

CHBlSTCHdKCH, Sept. 29. Because of the glut of- ?fl.ts, the Government ia endeavouring to flnd an export outlet for the surpiua and piembers of the grain and seeds. trade are being approached. • They have been oiflciaily informed that fhe Governraent is willing to grant the neeessary export iiceneea and is. also prepared to . consider the payment of a subsidy on oats destined for an assure.d overseas market. Difliculty is - antieipated by the nierehants in inaking ajiy saies overseas. ' . In mentioning this, a iepresentative of a Christchurch, house with overseas connections,^said that three years ago a quantity of New Zealand oats was shipped to Belgium. Today, however, Western Europe would probably be a highly competitive market. According to riiembefs of the trade, the (xovernmeitt last seasoh . allowed the 4wportati.9n 0^,AH9traljiaiK.41gWan. i oats without waiting to see what the New Zealand harvest would produce. Coming into competition with these imported Algerians, large quantities of New Zealand-grown oats were unsaleable and still were for that matter. Some of the imported oats too had not yet gone into consumption. Another reason for the present glut ' was that during the last nine or twelve months, ainple suppliesl of wheat had been available to millers and poultfy lceepers. Mashes and other substitute feeds in which oats weie an important ingredient, had accordingly declined in popularity.