THE WORLD'S WHEAT

Evening Post, Volume CVII, Issue 22, 28 January 1929, Page 9

THE WORLD'S WHEAT

INCREASED PRODUCTION

EUROPE IMPORTING MORE

Australian Tress Association.

WASHINGTON, 26th January. The Department of Agriculture has issued a survey of tho world wheat conditions, estimating the 1925-1929 wheat year crop, exclusive of Russia and China, at 3730 million bushels, compared with 2505 million in 1927----19- The United Slates led all the nations with a total production of 902,74y,000 bushels, a gain of approximately eighty millions compared with 1927.

Tho survey stated that low prices had increased consumption, and tho European takings would lie well above those of- last year, despite an increase in European crops. The report added: "Tho increase in tho takings of wheat by non-European countries is perhaps tho most striking evidence of the effect of low prices on consumption. The last of the 1928 wheat crop is reducing the import need of many countries, as anticipated, yet it is equally apparent that the low wheat prices and relatively high prices of feed-stuffs and short European crops of other grains are contributing to the generally heavy consumption of wheat. The net result seems likely to be a continued large importation, and the total movement of wheat into consumption is substantially above tho average for Continental Europe."