THE HEMP INDUSTRY
CHAMBER OF COMMERCE REVIEW. In a note on the progress and condition of the hemp industry in New Zealand, the annual report of the Wellington Chamber of Commerce states that the price per ton of the .product' rose from £20 10s. in January' of last year to £22 10s. ill April, and then fell away to £16 ss. in October, finishing the year at £19. . The war closed the Continental markets, and threw the supplies, which ordinarily find their way to Franco and Germany, on the London market, which fell away under the pressure of this and other causes. The drought in Australia limited another market- However, since the New Year prices have risen materially— aB much as £10 above the lowest point reached in October. The prospects are good, though, as usual, uncertain, and with the increased acreage under crops throughout the world, there should be a good demand for binder twine, despite the fact that none of our product will find its way into Germany and Austria, whore so much has been used in the past. As a result of low prices the production fell away from 33,310 tons in 1913 to 19,G48 tons in 1914, and tow from 7650 to 3758 tons.
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Dominion, Volume 8, Issue 2425, 1 April 1915, Page 8
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208THE HEMP INDUSTRY Dominion, Volume 8, Issue 2425, 1 April 1915, Page 8
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