EUROPEAN GRAIN SUPPLIES.

Dunstan Times, Issue 3141, 30 October 1922, Page 7

EUROPEAN GRAIN SUPPLIES.

Professor A. E. Taylor, who made a survev of agriculture in Europe in 1920-21 for the American Relief Administration, controverts the assertion of American grain operators that Europe will be back in 1922 to almost normal production of grain. He says that nearly everyone overlooks one reason for the ability of Europe to limit importations of grain. It is that the average extraction of flour from wheat and rye was about 76 per cent., but now wheat and rye are milled to So per cent, and 90 per cent. Fewer bread grains are required for food, but on the other hand, domestic animals are deprived of a corresponding amount of mill food. He declares that the purchasing power of wheat which was high in Europe in 1921, has been falling even more rapidly than the purchasing power of wheat in the United States was rising. His view is that while prices will not advance to the war level, yet they will not recede to the pre-war stage.