DEPRESSED HEMP MARKET.
This decline in export values of New Zealand: hemp during the past few months has mow made it unprofitable for flaxmillei rs in' the Wellington district to continuij - working, and many of them who have been "marking time" iv hope of a betta: market have now'definitely decided to es< ise down for the winter months. The moderate quantity of fibre held in stock will be scutched .during the next few, weeks , but so far as the Manawatu area is concerned production during the winter moiitVs will be greatly below the usual quant ities, possibly 50 per cent, less than last 3 'ear's output. Export values are nominal at £26 10s per ton for good fair, £25 iior high fair. £22 for low fair. Tow £11 per ton for No. 2, £7 10s for No.. 3,
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Bibliographic details
Evening Post, Volume CIX, Issue 101, 1 May 1930, Page 16
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138DEPRESSED HEMP MARKET. Evening Post, Volume CIX, Issue 101, 1 May 1930, Page 16
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