PRODUCE MARKETS QUIET

Sun (Auckland), Volume III, Issue 880, 25 January 1930, Page 10

PRODUCE MARKETS QUIET

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Friday. There is* still a lack of business on the local grain and produce markets, and it is apparent that the season for harvesting cereals is going to be a late one. The recent rains do not appear to have damaged the crops to any considerable extent, but the nor’-west winds have broken the straw of some of the softer varieties. Prices today are only nominal, and they are 5s 91 for Tuscan, 6s for Hunters, and 6s 3d for Pearl, on trucks. There is a fair demand for fowl wheat which is being disposed of at 6s lid f.o.b. The supply is fully equal to the demand. No new season’s oats have made their appearance on the market yet. There has been some inquiry for forward delivery, but there are very few sellers. A Gartons are quoted at 3s lid to 4s f.o.b. s.i., for April to September delivery. Oats, like some of the wheat, suffered from the nor’-west winds. There are practically no supplies of chaff on hand, and there will not be much available until the new crop is being dealt with. Today chaff is worth £ 5 to £5 10s a ton to farmers for good bright quality. A few lines of small seeds have found their way on to the market, but, for the most part, these show signs of the weather. Western wolths and Italian have been sold at 4s to 4s 9d on trucks, and perennial at 4s 9d to 5s 6d on trucks*. Akaroa cocksfoot is expected to open in the vicinity of 9d a lb, and Plains at 7d to 8d on trucks, sacks extra. The onion crops promise to turn out well, but, owing to the heavy crops in the North Island, it is not expected that the price here will be high; today’s quotation is £4 15s to £5 a ton f.0.b., s.i.

The position in regard to potatoes remains unchanged, today’s quotation being £4 17s 6d f.0.b., s.i. for April-May-June shipments. This is equivalent to about £3 10s to £3 12s 6d on trucks. The crops are extensive and they look remarkably well.