WHEAT PRICE INCREASE
Federal Government Move SUBSIDY WITHDRAWN NZPA—Copyright Rec. 7 p.m. CANBERRA, Dec. 11. The Federal .Government has decided to pay growers 9d per bushel more for wheat used in Australia and to withdraw its present subside of 5d per bushel. This means that the price to millers will rise from-6s 8d to 7s lOd per bushel. Increases in the retail prices of both flour and bread are expected to follow. One Sydney expert says the rise is equivalent to an increase of one halfpenny on a 21b loaf, which is now 7£d over the counter and 8d delivered. Announcing the wheat price increase in Canberra, the Minister for Commerce and Agriculture, Mr J. E. McEwen, said the rise was not out of proportion to increases in other industries. It should not be overlooked that the stabilisation plan provided Australia with 60,000,000 bushels of wheat at half the world export price which meant that Australian consumers saved £24,000,000.
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Otago Daily Times, Issue 27570, 12 December 1950, Page 7
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159WHEAT PRICE INCREASE Otago Daily Times, Issue 27570, 12 December 1950, Page 7
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