PRICES FOR WHEAT FIXED

Taranaki Daily News, 22 December 1931, Page 7

PRICES FOR WHEAT FIXED

NEW SCHEME FOR MARKETING DECLINE FROM LAST SEASON. MILLERS NAME THEIR LIMITS. EFFECT OF NEW SLIDING SCALE. By Telegraph.—Press Association. Christchurch, Last Night. Prices for wheat from the 1932 crop under the new marketing scheme were announced to-day. The rates will be 4s BAd a bushel f.o.b. Lyttelton, Timaru and Oamaru, for f.a.q. Tuscan, 4s IOAd for Hunters, and 5s OJd for pearl, ‘brokerage being included in each case. These-values represent a .20 per cent, decline on 1931 prices. The corresponding on-trucks values will be 4s 4d, 4s 6d° and 4s 9d a bushel, out of which a penny a bushel will have to be paid into the proposed equalisation fund. Under the proposed sliding scale of duties it is said to be impossible for the millers to sell flour at more than £l3 12s a ton f.o.b. Lyttelton, Timaru and Oamaru, and that this price will not permit of more than the foregoing prices being paid for wheat. The Wheat Marketing Board considers one penny a bushel to be sufficient to meet all contingencies, and this amount will be deducted from the value of all wheat sold. It is anticipated that more than a halfpenny a bushel will be returned to the growers later in the season, and in the event of a substantial rise in prices for bran and pollard the whole penny a bushel may be paid at the end of the season. The price of corn sacks to farmers will be Is each, and the farmer will be credited with tenpence when the sack is returned filled with grain.