THE WORLD’S WHEAT.

Hawera Star, Volume XLVIII, 13 December 1924, Page 4

THE WORLD’S WHEAT.

i AN OFFICIAL SUMMARY

The International Institute of Agriculture, Rome, advises as to the wheat situation of the world that “on the one hand the quantities .available for export during the season 1924-25, estimated at about 494 million centals, and o nthe other hand the probable requirements of importing countries during the same period, are placed in juHa° position. These requirements cannot he precisely defined, hut with the experience of the past seasons and consideration of the points already mentioned, they may ‘fairly be stated at 485 million centals. The outcome is that the available supply is in close correspondence with the requirements, and allows only a narrow margin, a result differing greatly from those in recent seasons. In fact, although the situation of the wheat supply need not give rise to anxiety, it must be admitted that it is far from being so favourable as in late years, when the available supply largely exceeded the pro liable requirements. ‘‘lt might be as well to add that, witn the rise in prices, consumption niav fall short- of the forecasted figures; and in that cake some stocks of old wheat will remain on hand at the close of the current season. It must, howeYer - he remembered that estimates of yield are still only preliminary and inay have to be reduced later, while it has to he emphasised that the new r Y°P s i °f the southern hemisphere may afford results less favourable'than those forecasted at present. If this should happen there might be danger of absence of equilibrium between the supplies of wheat and the normal requirements.”