PRICE FOR FOWL WHEAT

Southland Times, Issue 23443, 25 February 1938, Page 8

PRICE FOR FOWL WHEAT

South Island Values Announced MONTHLY INCREMENTS PROVIDED (Government Memorandum) WELLINGTON, February ?4.' The Minister of Industries and Commerce (the Hon. D. G. Sullivan) today issued a statement on fowl wheat. “It will be of interest to those engaged in the poultry industry of New Zealand,” said the Minister, “to know that by arrangement with the South Island Brokers’ Advisory Committee the following prices have been agreed

“The f.o.b. wholesale price applies to 50-sack lots or more and is for delivery to f.0.b., either overline or through store or at the equivalent price,” said Mr Sullivan. “If the wheat is stopped short of f.0.b., that is, if it is delivered ex rail Christchurch the unextended f.o.b. is to be deducted. The monthly increments are designed to compensate merchants for holding wheat in store. “It will be noticed that the Wheat Committee has arranged for the buying price of fowl wheat to be 4d a bushel less than milling wheat, which was fixed on a March Tuscan basis at 5/9 a bushel. At the moment it is difficult to estimate how much fowl wheat will be available from the present crop, but if' there should be a shortage of this class of wheat I shall make arrangements with the Wheat Committee for the release of milling wheat for poultry purposes at the prices fixed for milling wheat, plus brokerage. “The above arrangements apply to the South Island only. Because of the shortage of New Zealand wheat it is necessary to import all North Island requirements from overseas and arrangements have been made to supply the North Island with Australian milling wheat, which is being sold to merchants at 6/4 on the wharf, main ports, sacks included. An agreement has been reached with the North Island merchants under which poultry keepers can secure 10-sack lots or more at 6/7 on the wharf, main ports, sacks included.”

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