WORLD’S WHEAT CROP
SHORTAGE . EXPECTED THIS YEAR CARRY-OVER EXPECTED TO MEET DEFICIENCY Australian Press Association. (Rec. August 4, 5.5 p.m.) London, August 4. The world wheat crop for 1929-30 is likely to be insufficient to meet the consumptive demand, says an agricultural market report received here. Drought adversely affected the spring wheat and the sowing of new crops in the United States, while there was insufficient rain in Argentina, Australia and Canada. Fortunately there are universally large quantities of wheat remaining from 1925-9, which will help to counteract the deficiency in the new crops, so there is every reason to believe the supplies from the exporting countries in 1929-30 will meet the demand of importing countries. The existence of a much closer relation between supply and demand, however, will undoubtedly result in a higher level of prices.
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Dominion, Volume 22, Issue 265, 5 August 1929, Page 11
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137WORLD’S WHEAT CROP Dominion, Volume 22, Issue 265, 5 August 1929, Page 11
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