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WHEAT FOR MILLING.

OUTLOOK FOR COMING YEAR. QUESTION OF IMPORTATION. Discussing the supply of milling wheat for the coming year, Mr. W. G. McDonald, the wheat controller, said that the total yield from the new harvest was estimated at 5,975,000 bushels. The quantity to be imported would depend Upon the milling quality of the wheat when threshed. It was too early to state definitely the quality of this seaSC ?- 8 -l £ rain ’ but, judging by samples which have been received by the Department of Comiqeree, it was expected to be superior. The recent unfavorable weather in Canterbury had not affaeted harvest prospects. Mr. McDonald said there would be no carry-over from last season, but ns the estimated requirements of 8,000,000 bushels fowl feed and stook foods, it might be possible to make up the deficiency if the New Zealand crop was of good quality, by the Importation of lower-grade wheat for fowl feed and stock foods.

Between January 1 and December 31, 1920, the Government' had imported from Australia about 2,000,000 bushels, whleh had b£en purchased in 1918, one of the terms of the purchase being that the storage was to be provided free in Australia. This purchase had been ex? hausted. At present, the Government had no unexpired contracts to purchase, and it had no further supplies of wheat. If the Government had to buy In Australia, it would not pa}' more than parity. Advice received within the past few days showed that the Australian market was rapidly receding. HEAVY STOCKS IN AUSTRALIA. PROSPECT OF LOWER PRICES. A Wellington grain merchant, writing from Sydney, reports that the Australian wheat harvest has been most prolific. “There is going to be trouble here,” he adds, “over the prices fixed by the Wheat Board. It would irpt surprise me to see prices of flour, bran, and pollard come tumbling down. AH the mills are overstocked with flour, and have practically no orders on the present basis of prices. Wheat for export is 9s per bushel; but it must come lower to induce orders. Flour for New Zealand would be £l9 17s 6d per ton on the present price for wheat.”

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19210219.2.73

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 19 February 1921, Page 11

Word count
Tapeke kupu
358

WHEAT FOR MILLING. Taranaki Daily News, 19 February 1921, Page 11

WHEAT FOR MILLING. Taranaki Daily News, 19 February 1921, Page 11

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