CHEAP SUGAR.
♦ PRICE BELOW THE COST OF PRODUCTION! Owing to an over-ample beet-sugar crop — the fiiet whisper of which brought about the Jaluzot-Cronier collapsb in Paris last year — sugar is now less than half the price it was* twelve months ago, and lower, in fact, than before the days of the sugar bounties (saya the London "Daily Mail")It now stands at &s a cwt, which is below the cost of production, but even now market experts do not see their way to prophesy a rise in the immediate future. The fluctuations in the price of sugar are shown in the following table; — Per cwt. s. d. 1 January, 1903 . , . . 16 1 , April, -1905 . . . . 14 4J , July, 1905 . . . . .99 October, 1905 , . .86 January, 190S . . .80 Yet, in January, 1903, nine months before the Convention, sugar stood at 9s per cwt. Retailers have entirely lost confidence in the sugar market, and grocers . as a rule hold no more than a week's stock, for fear of further falls.
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Bibliographic details
Star (Christchurch), Issue 8573, 15 March 1906, Page 2
Word Count
165CHEAP SUGAR. Star (Christchurch), Issue 8573, 15 March 1906, Page 2
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