Price of Sugar

Manawatu Times, Volume LIV, Issue 6627, 14 August 1931, Page 6

Price of Sugar

NO INCREASE YET. Per Press Association. WELLINGTON, Last Night. In view of tho recent imposition of the duty of fd per pound oil sugar the merchants throughout tho Dominion immediately adopted the course of sending out sugar with tho intimation that invoices would follow when the uow price, presumably to bo fixed by tho manufacturers, was known. The grocers were therefore in doubt as to the true cost to them of such sugar ana in many centres increased the price by about a 4d per pound, in anticipation of an immediate increase in the manufacturers’ and wholesale prices. As no increase has yet been made by tho main supplier (the Colonial sugar Refining Company) and supplies though “rationed” are still being released at the price previously ruling merchants in several centres are now invoicing current orders at the old figure although they will presumably not supply in excess of normal orders. The rnuustries and Commerce Department has been in touch witn tho trade and merchants in all the main centres have been communicated with through the Department's district officers. The Minister of Industries and Commerce desires it to bo known that there is as yet no increase in the price of sugar supplied from the Auckland refinery and that stores in all centres, including provincial towns and grocers through-, out the Dominion, should make no increase in sugar prices by reason of the advance in duty until such time as the manufacturers’ price is increased.