PRODUCE MARKETS.

Otago Witness, Issue 3898, 27 November 1928, Page 19

PRODUCE MARKETS.

CHRISTCHURCH, November 23. Little life is marking the grain and produce trade. There is some business of a retail character in small seeds, but other produce is not passing to much extent. Milling wheat is quoted at 5s 9d a bushel on trucks, but not a great deal is changing hands. Most growers who are now holding, can afford to hold, and many of them are confident that the season will -not produce another heavy crop, in which case, wheat will be of good value. Fowl wheat is quoted at 5s Bd, f.0.b., sacks extra. Oats are maintaining recent values, and a little business has taken place at 4s Id, f.0.b., s.i., for A Gartons, and 3s 6d for B’s. Chaff remains steady at about £5 12s 6d a ton, f.0.b., s.i., or £3 15s to £4 on trucks. The demand from the Home Country for peas has faded out, and values aid now down to about 4s 9d on trucks. Most of the peas grown last year were on contract, and as merchants are doing little of this business this year on account of the collapse of the home demand, the area sown is likely to show a substantial reduction. Any potatoes offering are in very small bulk, and sales are on a basis of £9 to £9 10s per ton on trucks. Little forward business is being done in next year’s crop, and for most of this trading £3 15s on trucks’ is the average offer for whites and £4 for Dakotas. New season’s onions are not attracting much forward business, and figures mentioned so far are £5 for January-Febru-ary, and £ll 15s for March and April on trucks.