JUTE.

Auckland Star, Volume LVII, Issue 205, 30 August 1926, Page 4

JUTE.

INDIAN REPORT. A report issued by Hoare, Miller, and Co., Ltd., dated Calcutta, July 10, includes the figures of the preliminary forecast of the 1926-27 jute crop as furnished by the Director-General of Agriculture. The final figures are expected to be about 3,605.000 acres, or an increase of 16 per cent on the revised figures of the acreage under jute last year. Such an area, the firm states, should yield considerably more than 10,000,000 bales of jute, which is more than ample for local and world requirements. In the raw jute market, bofore the forecast, prices were £37 a ton, ana after the forecast, £32 10/ a ton. That variation was a fair sample of the general decline which occurred between July 6 and July 10. Mills have bought -i'.y small quantities of raw material, and had been confining their attention to shortages against previous sales of manufacturers. Makers, in view of the forecast, have become keen sellers at lower prices for October delivery onwards. The world is showing no sign of any desire to buy jute other than for July-September shipment pending a further decline. It is added that there has been a general feeling for some rim» that the jute crop for the year ia considerably above the average in quality, quantity, and state of growth.