DEARER SUGAR
RISE OF £1 PER TON
It was announced hy a London cable, grain yesterday that an advance of Is Id per cwt had taken place in beet sugar quotations. Today the Colonial Sugar Refining Company notifies that the prices of all grades of sugars, including tablets, icing sugar, coffee crystals, golden syrup, and , treacle have been advanced by 20s a ton as from July 1. ' The last alteration in the pride announced by the company was made on June 5, 1939, when a reduction of 30s per ton was made in the prices all round. r Taking No. I grade of sugar, being that generally in domestic use, as a basis price, recent movements in prices for the Colonial Sugar Refining Company's sugars of all descriptions, also golden syrup and treacle, free on board Auckland, have been as follows:— Per ton. No. 1A sugar. i £ s. d. December 17 25 0 0 April 1 ............... 25 10 0 April 22 ....*.... 26 10 0 April 29 27 0 0 May 6 28 0 0 May 29 27 10 0 June 5 26 10 0 July 1 26 10 0 Prices are back to where they were at the end of May. The reason given then "for an advance of 20s per ton all round as at the end of May was the generally unsettled state of the international situation and to the encouragement given by certain countries for the accumulation of stocks.
I' The "Financial Times," London, re- ; ported at the end of May that in order Ito relieve the shortage of supplies at present forcing up prices, the international Sugar Council was asking member countries to release additional ton* nages, probably by cancelling certain voluntary surrenders of export allowances for the current year. Trie controversial question of restoring the 5 per cent, quota cut is unlikely at present to be raised. The international situation precludes the holding of a conference, and because v of this the chairman is communicating with representatives of the countries concerned by correspondence. ' As Will be seen in the table of the Colonial Sugar Companies' prices for No. 1A sugar, there was a drop of £1 per ton in J,une; ibut since December the price on today's quotation has risen by £2 10s per ton.1
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https://paperspast.natlib.govt.nz/newspapers/EP19390701.2.78
Bibliographic details
Evening Post, Volume CXXVIII, Issue 1, 1 July 1939, Page 11
Word Count
380DEARER SUGAR Evening Post, Volume CXXVIII, Issue 1, 1 July 1939, Page 11
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