WHEAT

Inangahua Times, 22 December 1931, Page 2

WHEAT

1932 PRICES (United Press Assn.) CHRISTCHURCH, Last Night. The prices of wheat from the 1932 crop under the new marketing scheme, wer.e announced today.— The rates will be 4s BJd a bushel f.o.b. Lyttelton; Timaru and Oamaru for f.a.q. Tuscan, 4s IOJd for Hunter--5s Oid for Pearl, brokerage being in eluded in each case. These values re(oresent 20 per cent, decline on 1931 prices. Corresponding

on trucks, the values will be 4/4, 4/-' and 4/9 a bushel, out of which a penny pe r bushel will have to be paid into the proposed equalisation fund. Under the proposed sliding scale of duties, it is said it will be impossible for millers to sell flour at under £l3 12s a ton f.o.b. Lyttelton, Timaru and Oamaru, and that his price will not permit of more than the foregoing prices being paid for wheat. The Wheat Marketing Board considers one penny a bushel will be sufficient to meet all contingencies, and this amount will be deducted from the value of all wheat sold.

It Is anticipated that more than a half-penny a bushel will he returned to the growers later in the season, and in event of a substantial *rise in price" for bran and pollard, a whole penny per bushel may he paid out at the end of the season.

The price of corn sacks to farmers will be 1/- each, and the farmer be credited with lOd when the sack 's returned filled with grain.