GRAIN AND PRODUCE

New Zealand Herald, Volume 78, Issue 24101, 21 October 1941, Page 3

GRAIN AND PRODUCE

BOOKINGS FOR WHEAT The following is (ho official market report or tho Auckland Grain, Seed and Produce Merchants' Association: — Wheat. —A shipment of wheat is expected shortly, and orders aro now beins: booked for despatch from ship's side at the lowest arranged price. Fair stocks are held by merchants and tho price from merchants' store stocks remains unaltered at from 7s 3d to 7s td a bushel.

Maize.—Ample supplies are available to meet tho demand for supplies through merchants stores and for direct railing from the Bay of Plenty. The price from merchants store stocks is from 7s 7d to 7s Od a bushel. Stockmeal.—A shipment arrived last week and supplies have now been cleared up, and at present the demand is being supplied from merchants' store stocks at from £'lo 17s Od to ill. 10s a ton.

Oats.—The oats market remains firm at from 5s 3d to 5s Id a bushel.

Australian Barley.—A shipment arrivedjas week and has now been cleared up. Good stocks are held locally and the price through merchants' stores is:—Undipped, 5s 10d to Os a bushel; clipped, (is 3d to Os 6d. Barleymcal.—Barleymeal is meeting with a normal demand at from £l3 to £l3 15s a ton.

Bran.—Stocks aro very low and strictly rationed.

Cirtalf.—A normal demand continues. The market is steady and the price from £lO 15s to £ll 10s a ton.

WORLD WHEAT CROP World wheat production for the 1911-42 season is estimated in a review by tiie Royal Bank of Canada at 4'JOO million bushels, compared with 3005 million in 1910-11. With an expected carry-over of about 1500 million bushels, world stocks are likely to reach an all-time high of 5700 million bushels. The curtailment "f world markets, because of the war has made the disposition of surplus wheat a formidable problem, the review states. Shipments during the year to July 31. 1940, were about 435 million bushels, against o'»s million in 1939-10 and 043 million in 1938-39. Great Britain is the only remaining outlet of importance for surplus stocks. In order to lessen shipping risks as far as possible it is expected that the bulk of the exports this season will be drawn from Canada and the United States, particularly the latter, I whose crop is a very large one.