SUGAR FROM JAVA.

Taranaki Daily News, 29 December 1920, Page 5

SUGAR FROM JAVA.

LOCAL PRICE NOT AFFECTED. I SIMILAR TO. NO. 2 GRADE. The Board of Trade is not alarmed over the importation of sugar from Java into the Dominion. On the contrary the board is welcoming the venture because it will provide the test required to ascertain the real extent of the shortage of sugar in the Dominion. Such a test has not been possible up to the present. *

The price of the imported article will not affect the price of the New Zealand product in the meantime, because the landed cost brings the price at which it can be sold here, above that paid for local supplies. /

An official of the Board of Trade on Friday stated that the sugar from Java was similar almost to New Zealand No 2 brand, and therefore was not of much value for manufacturing purposes. He had heard of a manufacturer in the South who had purchased some of the imported article at a price in the vicina *? n ' ' m( l proved unsuitable for his special requirements, and he had lost .I*3o a ton on it. The Board of Trade for fie present does not anticipate that competition from Java will affect the "New Zealand prices, but if, as some of the importers ot this sugar anticipate, supplies arriving in February will be landed at rf cost which will make the selling price less than that for Chelsea sugar, then the board will have to tonsidw what action should be taken to meet the situation.