DEMAND FOR HEMP FAILS
COMPETITION TOO STRONG.
SOME MANAWATU MILLS CLOSE.
When the Manawatu flax-cutting season opened at the end of the winter m August prospects of the New Zealan hemp market were promising, as e demand at that period was sufficiently strong to encourage the hope that ultimately the mills would be able to run full time for the whole season, states the Evening Post. During September and October, however, the demand fell away, and it was exceedingly weak during November. Last month it petered out, and seemingly for good this season. Owing to their inability to make contracts, one or two of the mills, it 1S reported, have closed and several o er mills are likely to follow their example within the next few weeks, unless there is a quite unexpected overseas demand for the fibre. •. . The chief cause of the slackness in the New Zealand hemp markets overseas appears to be the heavy supplies of sisal and Manila fibres now available, and until these are considerably reduced i seems scarcely reasonable to expect any external demand for the New , Zealand fibre.
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Bibliographic details
Taranaki Daily News, 16 January 1933, Page 12
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184DEMAND FOR HEMP FAILS Taranaki Daily News, 16 January 1933, Page 12
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