WORLD WHEAT SUPPLY
ECONOMIST'S SURVEY
NEW YORK, August 8.
The Washington correspondent of the "New York Times" writes that Mr. A. Black, chief of the Bureau of Agricultural Economics, in an interesting review says that world wheat supplies for the 1936-37 season, outside China and Russia, will be at least 230,000,000 bushels below those of the previous year, and the smallest since 1926.
World production in 1936 is tentatively estimated at 3,510,000,000 bushels £20,000,000 below 1935. The world carry-over will be 210,000,000 bushels less than last year, but still somewhat higher than the average prior to 1928. While imports of hard spring and durum wheats by the United States are expected, the United States will nevertheless have quantities of other types available for export, particularly white wheats from the Pacific northwest. Mr. Black says there is no basis to fear important deficiencies in regard to either world or domestic supplies.A surplus will come again. The question now is how long it will take for them to mount to price-depressing proportions.
An Ottawa message states that the Dominion Bureau of Statistics reported, that the outlook for spring wheat in the prairie provinces declined 45 per cent, in July owing to the drought.
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Bibliographic details
Evening Post, Volume CXII, Issue 35, 10 August 1936, Page 9
Word Count
201WORLD WHEAT SUPPLY Evening Post, Volume CXII, Issue 35, 10 August 1936, Page 9
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