DEPRESSED HEMP MARKET

Evening Post, Volume CX, Issue 72, 22 September 1930, Page 12

DEPRESSED HEMP MARKET

"The past year has witnessed a decline of hemp priced to the lowest level reported since before the war, and considering present costs and conditions our prices' are lower than any time during thirty years" states the annual report of the New Zealand llaxinillers' Association. "During this: winter," he veport continues, "the hemp market has been so dull that almost the whole of the mills are closed d#vn. The present situation is abnormal, and we must await a return to normal before we can sum up what is to be the future trend of the industry. It is all too evident, however there will be a constant and heavy lessening from natural flax owing to the comparatively prosperous condition of the dairy industry. Practically all flax land suitable ior dairying aeems likely to be put to this w. Also certain natural condit.ons are constantly diminishing the yield o£ natural flax and to-day, no fetors are present to cause any increase. The only hope for the future of the industry lies m cultivated fta, with all the great economies permitted by such a raw material E upPl The High Commissioner advises the Department of Agriculture, London, 22nd September, ad followa.—Manila market moVe^ctive o.wing to light receipts. <X Sade, November January shipment, sold at £21. Sisal: African market steady with corded."