WORLD WHEAT SUPPLY
A PRESS ESTIMATE. (By CABLE —PRESS ASSN.—COPYRIGHT.] LONDON, April 19. By July 31 the world wheat carry-over will have dwindled to vanishing point in most importing countries. This is the opinion of the “Financial Times" which comprehensively surveys the outlook. The newspaper says the area sown in winter wheat is l probably slightly less than in 1937, with notable declines in France. Italy, Greece, and Germany. If there should be a considerable margin from Indian production this may go to China and Siberia. The crops in China, may have a decisive influence on the wheat situation, as the serious deficit has involved replacenu nt from external sources. The “Financial Times” estimates a reduction in European harvests of about 25,000,000 quarters, about enough to absorb the prospective world reserves by July 31. It considers that failing an extremely abundant Canadian crop, the North American shipments' are unlikely to be oppressively heavy.
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Greymouth Evening Star, 20 April 1938, Page 7
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153WORLD WHEAT SUPPLY Greymouth Evening Star, 20 April 1938, Page 7
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