THE HEMP MARKET.
The New Zealand hemp market is at present in an exceedingly buoyant condition, the f.o.h, prices for the three principal grades being as follow: —Good fair, £SO per ton; high lair, £10; low lair, £47. Production is well up to the average. Shipping prospects have now improved, although shipments are much in arrear. America is taking fair quantities. Australia finds the prices too high, and is adopting a waiting policy. Tow is quoted at £lO per lon tor No. 1 and £8 lor No. 1, but shipping space lor it is most difficult to procure. At the end ol the year it is understood lliat there were some 300,000 bales of hemp awaiting shipment in Manila, due to shortage of tonnage. The liberation of this great quantity of lihre in considerable pan-els might adversely ailed, the price ol New Zealand hemp. —Post.
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Manawatu Herald, Volume XXXIX, Issue 1692, 29 March 1917, Page 3
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145THE HEMP MARKET. Manawatu Herald, Volume XXXIX, Issue 1692, 29 March 1917, Page 3
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