WHEAT CROP ESTIMATES
A SHORTAGE PREDICTED.
(Australian Press Assn.) ißy Cable—Press Assn—Copyright.) LONDON, August 4. The world wheat crop for 1929-30 is likely to be insufficient to meet the consumptive demand, says an agricultiual market report received here. The drought adversely affected the spring wheat, and the sowing of new crops in the United States, while there is insufficient rain in Argentine, Australia and Canada. Fortunately there are universally large quantities of wheat remaining from 1928-29 which will help to counteract the deficiency of the new crops; so there is every reason to believe that supplies from exporting countries in 1929-30 would meet the demand of importing countries. The existence of much closer relations between supply and demand, however, will undoubtedly result in a higher level of prices.
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Greymouth Evening Star, 5 August 1929, Page 5
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128WHEAT CROP ESTIMATES Greymouth Evening Star, 5 August 1929, Page 5
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