SUGAR FROM JAVA.

New Zealand Herald, Volume LVIII, Issue 17662, 24 December 1920, Page 6

SUGAR FROM JAVA.

REDUCTION IN QUOTATION. INTERESTING POSITION. MAY SELL BELOW MAXIMUM. [BT TELEGRAPH. OWN CORRESPONDENT ] CHRISTCHURCE. Thursday Java sugasT is likely to come to hand about March. This will retail at a | cheaper rate than sugar distributed by j the Government through the Colonial ' Suear Company. An interesting position , | will thereby be created. | Several Christehurrh merchants have to-day received quotations from Java fr.r sugar to be shipped in January and t February. Their quotations show a d:s----i tinct drop on previous rates, ajid it is f considered that such sugar would retail at j Id per lb. le.ss than the present maximum fixed nriee. This does not apply to now on the water from Java, which is 5 expected to come to hand in Januarv. t This bears a much higher landed <<•«, 1 and will probably be sold at id per 'h. above the present retail prices The that a drop has taken place in Java is ' interpreted to mean that stocks there are very laree. so that it is possible importai tions will be heavy. i j Under the circumstances will tiie t;-v- ---. | vernment reduce its prices to meet tins } ! competition when it develops? Unfortun- ' ately the cheaper susar cannot arrive in 5 | time to meet the demand for jam-making. 1 i —