GRAIN AND PRODUCE

Dominion, Volume 28, Issue 99, 21 January 1935, Page 2

GRAIN AND PRODUCE

Canterbury Quotations FEW OFFERINGS OF OATS By Telegraph.—Press Association. Christchurch, January 18. The new season’s produce is now coming in, and some business is reported in wheat and grass seed. There have been a few offerings of oats, but the trade is not mueh interested in this product. In offerings of wheat there have been some splendid samples, and. on the other hand some that are thin. Wheat is exceptional in the matter of colour, being bright and clean, and is weighing well. Wheat was offered millers as early as January 12. which is a record on the local market. It is rarely any wheat is offered until the last week in January. The pronouncement is expected at any moment in the matter of an interim payment for the season, and the amount of increments. Fowl wheat (last season’s) is very firm, and is quoted at 3/11-Jd. to 4/-, f.oJb.s.i. There is no offering of new season’s fowl wheat, growers hoping that, with the certainty of a small crop, the milling .grade may not be so rigid as it was last year.

The samples of Algerian oats offered are very light. It. is too early to quote a definite figure for values, but 1/9 to 1/10 on trucks is mentioned. Old season’s A Garton are quoted at 2/5 f.o.b.s.i. Dunedin, and 2/6 Lyttelton. There are a few sellers of potatoes. The uncertainty of the embargo position rather than the prospects of a lighter crop being the cause. Good rain is urgently required to develop potatoes, as they have passed through a very dry time, but on the other hand heavy rain may develop a second growth in the earlier main crop. No forward business is reported, and from £2/15/- to £2/17/6 on trucks has been mentioned.

The pea crop lias been affected by the absence of rain, and it is expected that some of the earlier crops will be threshed before the end of the month. Some good samples of ryegrass have been offered merchants. A fair quantity has been threshed, and indications are that there will be a full average crop. Up to 2/- a bushel on trucks has been paid for best quality, and from 1/6 to 1/9 for secondary Italian is quoted at the same figures. The cocksfoot crop will be a. much better one than last season, when the Plains production was negligible. This season it is up to normal. Samples are expected within a few days. Quotations are expected to be about 6d. per ib. for Plains, and 7d. fo- Ak.-i-o -.. White clover will be earlier than usual. Nominal quotations are from 6d. to Ul. per lb. Red clover is expected to be a very small crop on account of the dry weather.