EXPORT OF WHEAT.

Taranaki Daily News, 8 June 1922, Page 4

EXPORT OF WHEAT.

SHIPMENTS FROM NEW ZEALAND. IS THE GOVERNMENT LOSING ? By Telegraph.—Press Association. Wellington, Last Night. Interviewed J>y a Times representative regarding the announcement that "wheat exported from the Dominion and now loading for export will aggregate practically half a million bushels, a prominent Wellington corn merchant stated the Government could only be exporting this wheat at a loss. None but the very best milling wheat was accepted by the Government for export, apd the informant says the minimum price guaranteed the New Zealand farmers for this wheat was 5s fid a bushel, and from what he knew of the present rate of freights, landing charges and insurance he would say that in order to place this wheat on the English market, for example, the Government could hardly get more for it than 3s a bushel f.o.b. Lyttelton, Timaru or other New Zealand port He could not speak of the* conditions in the Far, EaAt, but if they were similar to those in the Old Country this meant a loss to the Government of approximately 2s 6<l per bushel, or, on half a million bushels, a total loss of some £62,000. In the meantime no official information is available as to the price at which t*he Government is exporting the wheat.