FOWL WHEAT PRICES

Press, Volume LXXIV, Issue 22336, 25 February 1938, Page 14

FOWL WHEAT PRICES

Fixed Scale Announced MINISTER’S ARRANGEMENT FOR SEASON A price of 4d below that of Tuscan, with increments to compensate merchants for storage charges, has been announced for fowl wheat for this season, by the Minister for Industries and Commerce, the Hon. D. G. Sullivan. The prices, which are for the South Island, were arranged after a conference with an advisory committee of the South Island brokers. The Minister’s statement is as follows: —

“It will be of interest to those engaged in the poultry industry of New Zealand to know that by arrangement wiih the South Island brokers’ advisory committee, the following prices nave been agreed upon for the present season: —

“The f.o.b. wholesale price applies to 50 sack lots or more, and is tor delivery to f.0.b., either over line or through store, or at the equivalent price if the wheat is stopped short o£ f.0.b., i.e., if delivered ex rail Christchurch the unexpended f.o.b. is to be deducted. The monthly increments arc designed to compensate merchants for holding wheat in store. “It will be noticed that the Wheat Committee has arranged for the buying price of fowl wheat to be 4d a bushel less than milling wheat, which was fixed on a March Tuscan basis at 5s 9d a bushel. “At the moment it is difficult to estimate how much fowl wheat there will be available from the present crop, but if there should be a shortage of this class of wheat,. I shall make arrangements with the Wheat Committee for the release of milling wheat for poultry purposes at the prices fixed for milling wheat, plus brokerage. “The above arrangements apply to the South Island only. On account of the shortage of New Zealand wheat, it is necessary to import all North Island requirements from overseas, and arrangements have been made to supply the North Island with Australian milling wheat, which is being sold to merchants at 6s 4d on the wharf, main ports, sacks included. An agreement has been reached with the North Island merchants whereby poultry-keep-ers can secure 10 sack lots or more at 6s 7d on the wharf, main ports, sacks included.”

Buying Selling price. Ex store price from Wno regrowers. sale 15 sacs i.o.b. f.p.b. lots.; s. d. s. d. s. d. Feb. ..5 5 5 7 5 10 Mar. ..5 5 5 7 5 10 April ..5 7 5 9 6 0 May ..5 8 5 10 6 1 June ..5 9 5 11 6 2 Juiv .. 5 10 6 0 6 3 Aug. .. 5 104 6 0J 6 3* Sept. .. 5 11 6 1 6 4