THE PRICE OF SUGAR.
The price of sugar continues steadily rising, and is now beginning to be felt by the poorer class of retail* customers, who at first appeared to entertain the impression that the increased charges were the result of a combination amongst the grocers, and felt indignant accordingly. The present state of the sugar market is already exercising a powerful influence on the further develop* ment of beet cultivation in France, and next year will behold a considerable increase in the amount of acreage devoted to beet ; but under no circumstances whatever is the supply likely to equal the demand, even should a larger quantity of cane be sown in the West Indies. Hence these who take an interest in the subject are beginning to recollect that there is such a place as Australia, in many portions of which sugar cultivation, if uroperly encouraged, might be found an exceedingly remunerative occupation. It was stated lately in London at a private gathering of the wholesale trade that the successful establishment of the sugar manufacturing industry at the antipodes on a scale sufficiently large to admit of extensive consignments to European markets was one of the possible, if not inevitable, contingencies of the future. — S. M. Herald.
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Bibliographic details
Otago Witness, Issue 1323, 7 April 1877, Page 22
Word Count
207THE PRICE OF SUGAR. Otago Witness, Issue 1323, 7 April 1877, Page 22
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