RISE IN SUGAR.

Kaipara and Waitemata Echo, 16 August 1911, Page 3

RISE IN SUGAR.

A cable wan received list week from the head office of the Colonial Sugar Refining ' Company, notifying further advance in tho price of sugar of £1 per ton. On the 28th of July a similnr rise look place, each one meaning an increase of (3d -per bug in price. But the unfortunate reMilcr cannot always get that incieasc whou selling sug.r at so much per pound across tho counter. When the last vise look pbv-o, tho price was put up j-ix'op.nco by the bag, but tliero was no increase in sugar soid by the pound across the c.muter.

In connection with tlio advance in July, it may be explained that the price of su;_rur is entirely ruled by tho Kuropean Wpg root crop. In June very dry weather was experienced in Germany, which resulted in the beet oro™ suffering, and from that date up to tha 28th. of July tho price of sugar rose £'2 10s por ton in Europe.' The general manager or' tlio company in replying in a Sydney paper to an attack upon the company for putting up the prico when there was a strike on, stated that they could hardly be blamed for doing so in tbG face of a rise of £2 l()s per ton in tho Europeon market. Since the 2btii of July the foreign markets have again ad", vanced, and hence the rise notified last week. ' This is only one mor? illustration of how small tlio world is becomining when dry weather in Germany makes sugar £2 per tou dearer in Australia,