LOWER WHEAT PRICES

Waipa Post, Volume 43, Issue 3391, 22 December 1931, Page 4

LOWER WHEAT PRICES

EFFECT OF REVISED DUTIES. (By Telegraph. Press Association). CHRISTCHURCH, Monday. Under the new marketing scheme for the 1931-32 season’s wheat crop the prices to be paid were officially announced to-day as follows: —4s Sid a bushel, f.0.b., Lyttelton, Timaru, and Oamaru for fair average quality Tuscan; 4s 10id a bushel for Hunters; and 5s Oid for Pearl, brokerage being included in the quotations. The drop in values is 20 per cent as compared with 1930-31. The corresponding values on trucks will be approximately Is 4d, 4s Od. and 4s 9d a bushel, out of which one penny a bushel will have to be paid into the proposed equalisation fund. The price of 4s 6d a bushel proposed as the basis by the Prime Minister. Rt. Hon. G. W. Forbes, has not been attained. Under the proposed sliding scale of duties it has been found impossible for millers to sell flour at more than £l3 12s a ton. f.o.K, Lyttelton, Timaru and Oamaru. and this price will not permit more than the foregoing prices being paid tor wheat in the new season after milters have allowed 10s a ton as promised to the Prime Minister in order to assist in reducing the price of bread. An increment of Id a bushel a motif.i will be paid for deliveries from June to December by millers.