THE WHEAT INDUSTRY

Otago Daily Times, Issue 22064, 21 September 1933, Page 9

THE WHEAT INDUSTRY

PROBLEM OF SURPLUSES INQUIRY BY COMMITTEE (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, September 19. The Wheat Advisory Committee continued its session to-day. M. Devenat (France) explained that two successive bumper crops had resulted in France’s exportable surplus now being about 13,000,000 quintals, of which it was hoped to dispose of 9,000,000 of lower quality by feeding animals, while the decreased quantity of flour extracted would account for another 2,000,000, leaving only 2,000,000 exportable, which should have no appreciable effect upon world prices. Herr Duering (Germany) said that Germany t similarly had a bumper harvest, which since July had exceeded the estimate by 12,000,000 quintals,"The Government was reducing the area sown of both, wheat and rye. The recent exports of wheat from Germany would be offset by the subsequent imports of maize and barley. Furthermore, the Government believed that it could materially increase the consumption of wheat in Germany by reducing unemployment. The committee adjourned until November 27. Meetings between Russia and the four chief exporting countries— Canada, the Argentine, Australia, and the United States —will be held next week to consider wheat quotas. POSITION IN GERMANY. MINISTER AS DICTATOR. BERLIN, September 19. (Received Sept. 20, at 7 p.m.) Herr Darre, Minister for Agriculture, has assumed a dictatorship in connection with grain production. He forbids all speculative future dealings in grain, establishes fixed prices for wheat and rye, and states that any infringements of the order to restrict production will be severely punished. Farmers are being warned that the production for the present autumn should not exceed that of autumn, 1932. " Farmers should be firmly established on the land and charge a fair price, but their duty is to their race.”