DOMINION’S WHEAT.

Manawatu Standard, Volume LIII, Issue 248, 16 September 1933, Page 8

DOMINION’S WHEAT.

PURCHASE BOARD’S REPORT. Per Press Association. CHRISTCHURCH, Sept. 15. A statement made by the Wheat Purchase Board say’s that in all 1,012,474 bushels of wheat were shipped at prices ranging from 2s 7d f.o.b. to 3s s£d f.o.b. All sales were made f.0.b., and the board was not concerned with the destination of the wheat. It is understood that one shipment went to the Far East and the rest to the United Kingdom. The board still has roughly one million bushels of surplus wheat to handle, but this is best reserved in the meantime until the position, of next year’s crop is more certainly established. The area in wheat for 1934 appears likely to approximate that for 1933, but the weather may adversely affect the yield. Given a normal yield, the 1934 harvest should be more than sufficient for the Dominion’s requirements, and the board may yet be compelled to export a considerable quantity. Because of the improvement in world prices it is anticipated that the board will have available at the end of the wheat year a balance of funds to make a further payment to growers on wheat handled bv the board.