AUSTRALIAN EXPORTS

Wairarapa Times-Age, 27 June 1940, Page 4

AUSTRALIAN EXPORTS

RENEWAL OF CONTRACTS WITH BRITAIN LARGER OUTPUT OF DAIRY PRODUCE. WOOL POSITION DIFFICULT. By Telegraph—Press Association—Copyright. SYDNEY, June 26. It is officially stated that the Australian exports of dairy produce to Britain will probably be more than £2,000,000 sterling greater this year than last if adequate shipping is available. The Government expects in a few days to complete negotiations with the British Government for the renewal of the contract under which the whole of the Australian exportable surplus of dairy produce is purchased. The United Kingdom would, it is stated, continue to take Australian surplus beef and pig meats after the war, but there is a likelihood that the pre-war limits set to mutton and lamb exports will be reimposed. The market conditions during the remainder of the war are certain to be regulated by military developments. The wool position is not entirely satisfactory, as overseas markets which took 40 per cent of Australia’s exportable wool clip in 1938-39 have been lost since the outbreak of the war, and though the British Government undertook to purchase the whole of Australia’s exportable surplus for the duration of the war its ability to do so has been affected by the defeat of the European countries to which Britain had resold some of the wool.