RUSSIAN WHEAT.

New Zealand Herald, Volume LXI, Issue 18631, 12 February 1924, Page 10

RUSSIAN WHEAT.

EXPORT ARRANGEMENTS. Advice that Russia -has chartered 286 steamers to load goods at Black Sea porta tor shipment to the United Kingdom, France and Mediterranean suggests that the recent combination of Russian and British capital to finance Russian exports of grain to those countries has begun operations. The fixing of 150 steamers for carrying grain, involving between 750,000 tons and 800,000 tons of cereals, implies that the Soviet Government- means to export from 27,750,000 bushels to' 29,600,000 bushels of grain in the .near future Already a considerable quantity of rye ha, been sent from Russia' to Europe, and a . few thousand tons of wheat also have been exported. The prospective export ol 29,000,000 bushels of cereals would lead to the belief that-the major portion of that volume is comprised of rye and other grain not wheat. -The Soviet Government has persistently reported that Russia would have a large surplus of wheat available for export this season, but no great' reliance' was placed upon the state-' ments in England or America. Mr. George Broomhall, in his estimates of the surpluses of wheat of exporting countries this season, considered that Russia would probably be in a position to ship 16,000,000 bushels of wheat during 1923-24. 8