“Australia is keeping a close watch on wheat forecasts in North America,” said Mr. H. B. Pearl, a wheat merchant, of Melbourne, who passed through Auckland on his way to America. The present outlook in America and Canada is favourable, but the weather in May will be the determinating factor. “Our harvest this season totalled 170,000,000 bushels of wheat, or 20,000,000 bushels more than last year and 37,000,000 bushels fewer than in the peak year of 1932,” Mr. Pearl added. “Prices are lower by 1/8 a bushel than they were last year, when 5/3 was obtained, but provided they remain above 3/- farmers should be satisfied.” The decrease in the world demand was one factor in the lower price. Germany and Italy were big buyers last year, but they were able to produce more for themselves this year because of more favourable weather.
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Wairarapa Times-Age, 2 April 1938, Page 6
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143Untitled Wairarapa Times-Age, 2 April 1938, Page 6
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