NO RISE IN BREAD

Waipukurau Press, Volume XXVIII, Issue 30, 27 January 1933, Page 6

NO RISE IN BREAD

AS RESULT OF HIGH EXCHANGE FARMERS MAY BENEFIT Wheatgrowers may benefit to a certain extent through the raising- of the rate of exchange, as the increase may be added to any surplus wheat exported by the Wheat Purchase Board. The price of bread will not be affected, states the Christchurch Star. Millers this season are paying about the same price for their wheat as they paid last year, and flour to the baker will be the same price. Any alteration in the price of wheat would have to be considered before it was felt in the price of bread. This season’s values of wheat were arranged so that there would be practically no alteration in flour prices, but a substantial levy had to be made on the fanner to provide funds for the purchase of the estimated surplus of 2.390.000 bushels .and also for financing the sale of that surplus. The matter ot the disposal of the wheat left after milling requirements have been satisfied has not yet been considered but two courses are open to the Wheat Board. They may carry the extra wheat over till next year, or export it. With the low world price ruling at present, only a small return could be expected for exported w’heat, probably not much more than Is 6d a bushel. In the event of export being decided on, the return from this will be divided amopg the. growers as a return of all or a part of the money deducted from their price by way of levy. Many men closely in touch with the industry support the plan of carrying over any surplus. However, it is not likely that much consideration will be given to the position till later in the year. In the meantime the price of bread to the consumer will not vary because of the higher exchange rate.