WORLD WHEAT SUPPLY
SECRETARY JARDINE’S REPORT (Australian and N.Z. Press Association) WASHINGTON. Friday. The annual report of Mr. William M. Jar dine, United Sjtates Secretary of Agriculture, sava the wheat production this year will Exceed 900,000,000 bushels, the highest since 1919. The indications now are that the worlds wheat supply wiU be about five per cent, greater than'in 1927. Wheat prices in the last two months have been about 23 per cent. lower than a year ago. This is due largely to the increase in the world’s production, but even with this factor the decline in prices was greater than the conditions of supply and demand justified. This season’s experience strongly emphasises the need for market machinery to feed the wheat supply into trade channels as it is required, savs the report, so that gluts may be avoided and prices be kept reasonably stable.
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Bibliographic details
Sun (Auckland), Volume II, Issue 526, 1 December 1928, Page 12
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144WORLD WHEAT SUPPLY Sun (Auckland), Volume II, Issue 526, 1 December 1928, Page 12
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