AUSTRALIA’S WHEAT SURPLUS.

Manawatu Standard, Volume L, Issue 221, 14 August 1930, Page 6

AUSTRALIA’S WHEAT SURPLUS.

The new- -wheat season for Australia begins oil, December 1 next and before that date the wheat producing states are confronted with " the problem of the disposal of 25,000,1)00 bushels. This -wheat is now lying in stacks in sheds in Australia and failing- its disposal there will be an abnormal carry-over which usually amounts to 10,000,000 bushels. The wheat harvest last year in Victoria, NewSouth Wales, South Australia and West Australia amounted to 116,000,000 bushels. Local requirements in the four States account for 44,500,000 bushels annually, while from December 1, 1929, to July 19 last the total exported w-as 46,750,000 bushels. The chances of this w-heat being disposed of so as to leave a reasonable carry-over are not promising for, as one Australian paper remarks, parity in the .world’s w-heat market has fallen to a low level, and the indications are that the demand for w-heat grow-n in Canada and America is not strong enough to absorb the surplus in those countries. There is a lesson for New Zealand in Australia’s present difficulty. If the w-heat duties w-e impose did not exist, a quantity of this surplus wheat would be dumped into New Zealand to the detriment of our own industry. The wisdom of these duties is again apparent.