SUGAR SUPPLIES

Grey River Argus, 5 June 1942, Page 4

SUGAR SUPPLIES

Australian Position RECENT “STOCKING UP” IN

HOMES,

(Rec. 9.40). SYDNEY, June 4. “The position regarding refined sugar supplies is now sound,’’ said the Chairman, Mr. E. R. Knox, at the annual meeting of the Colonial Sugar Company here to-day. “All orders, for some time past, have been executed. promotly, and a considerable reserve has been built up throughout the Commonwealth. The demand for refined products is growing. It has been' considerably accentuated by abnormal buying by householders who have been laying in sugar stocks.

“During the summer of this year, .more than fifty thousand tons of refined sugar has been supplied in excess of that delivered during the previous summer,” Mr. Knox said. “The Australian output last year was about 721 thousand tons as compared with 783 thousand in the previous year/ a decrease of 62,000 tons. Reasons for the decrease were the Queensland Government’s decision to discourage the manufacture .of an excess of sugar, the effect on the crop of unfavourable weather conditions. labour shortage, and restricted supplies of fertilisers.