INDIAN WHEAT.
Dr Watt's article canuot be summarised, as it is full of details as to the cultivation of wheat in different parts of India. In the paper on " The Indian Wheat Trade " the increase of exports of wheel; from India in recent years is shown, and it is contended that this comparatively new source of supply for Europe ha& been the principal cause of the great fall in prices. It is further shown that but for the advantage derived by shippers Jfrom the lou exchange value of the rupee, together with the maintenance of its full purchasing power in India, wheat could not continue to come from India at all. The fall in freights has been considerable, but is not enough to make up half the fall in price since 1871-2, when Indian wheat exports first became formidable. The fall in exchange makes about as much saving to the shipper as its reduction in freights and rail charges in India, while other economies make good its rest of the loss. Wheat is as dear in India in rupee price as it was 10 years ago.
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Otago Witness, Issue 1911, 6 July 1888, Page 8
Word Count
186INDIAN WHEAT. Otago Witness, Issue 1911, 6 July 1888, Page 8
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