SUGAR COSTS
A correspondent, E. Morris, contrasts the wholesale price of sugar in New Zealand, which he states at approximately £28 a ton with "the world parity price under £6 a ton," and asks why the: disparity should exist. On investigation it is ascertained that the two prices are not comparable.. : The New. Zealand price would be for No. IA sugar (quoted at £25 10s f.o.b. Auckland) -whereas the woild parity price would be for raw eugar at the port of shipment. To this would be added freight, insurance, exchange, commission, and duty before reaching the refinery, and cost of refining and handling to the point of distribution. Unless these .costs are known a fair comparison cannot be made.
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Bibliographic details
Evening Post, Volume CXV, Issue 102, 3 May 1933, Page 8
Word Count
119SUGAR COSTS Evening Post, Volume CXV, Issue 102, 3 May 1933, Page 8
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