FLAX EXPORT POSITION.
There is' abundant roon* for improvement in the flax export trade. Production'is keeping up well in the Manawatu district, but a few mills have ceased, shipping. Prices for export are nominal at £28 10s per,ton for good-fair,\ £27 for. high, £25 for low, £22 10s for common, and £20 10s for rejected. Tow, £15 for No. I,,and £13 10s for No. 2 There are still large- quantities of manila coming into store weekly at Manila. .It was thought- that immediately after the devastation made by the typhoon in the Philippines that all damaged lines of hemp would be cleared up in January and February, and it was expected that the receipts would be w»il down below normal. These calculations have, been all out, and heavy receipts continue to ar : rive, and some authorities hold that there will be no material weekly decline for sqme seven or eight weeks j;et,' and forecasts are notoriously unreliable. (Jntil actual figures, are received of the manila output it is expected that the fibre markets as a whole will be inactive. In so far as New Zealand is concerned, it is reported ■'that the utmost 'difficulty is being experienced in marketing the current production. .
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Evening Post, Volume CVII, Issue 96, 27 April 1929, Page 12
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202FLAX EXPORT POSITION. Evening Post, Volume CVII, Issue 96, 27 April 1929, Page 12
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