SUGAR SUPPLIES
SHIPMENTS FROM JAVA,
PROSPECTS FOR. NEXT YEAR
Java sugar is likely to reach New Zealand about the end of next month, and this, it is said, will be retailed at a price lower than thatcharged for the sugar now being distributed, under the auspices of the Government, by the Colonial Sugar Refining Company, states a Northern exchange. Several Christchurch merchants have received quotations from Java for sugar to be shipped in January and February. These quotations show a distinct drop on previous rates, and it is considered that such sugar would retail at Id per lb. less than the present maximum fixed prices. This does not apply to sugar now on the water from Java, which is expected' to come to hand next month. This hears a much higher landed cost, and will probably be sold at id per lb. above present retail prices. The fact that a drop has taken place in Java is interpreted to mean 'that stocks there are very large, so that it is possible that importations' will be heavy. Under the circumstances, will the. Government reduce its prices to meet this competition when it develops?
Unfortunately, this cheaper sugar cannot arrive in time to meet the demand for jam-making. It is expected that, once the jam-making demand has been met, there is likely to be little further hoarding of supplies on the part of householders, in view of the possibility' of cheaper sugar.
These importations will receive every support from the Department of Trade and Commerce, according to the secretary, Mr J. W. Collins, who is in Auckland on departmental business.
“Wo welcome anything 1 Unit will increase the available supply,” said Mr Collins. “As the existing supply is inadequate we cannot give grocers or shipping people or consumers generally what they require; hence we welcome any new source of supply, and to encourage merchants to secure it we leave them a free hand in its disposal when they have got it.” Java sugar, it. seems, is not of the very highest grade, and therefore cannot be used lor certain trade requirements where the first grades alone are suitable. But for ordinary domestic purposes it is excellent. It is understood Unit a decrease has taken plaeo in prices at Java that have a favourable effect, on future cargoes shipped thence to New Zealand.
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https://paperspast.natlib.govt.nz/newspapers/MH19201228.2.15
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Manawatu Herald, Volume XLII, Issue 2220, 28 December 1920, Page 3
Word count
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390SUGAR SUPPLIES Manawatu Herald, Volume XLII, Issue 2220, 28 December 1920, Page 3
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