N.Z. Banana Market Improves.
p. 12 · Read in the full issue
From Our Own Correspondent.
Apia, Oct. 2.
THE “Maui Pomare” left here on Sep tember 22 for Lyttleton, Via Niue, with a cargo of 5,140 cases of bananas.
During the first week of September, the price of bananas in the Auckland market went up by 7/- to 25/- per case for ripe repacked bananas.
Unfortunately, Samoa producers will not receive the benefit of this rise, as the Samoan price is fixed by contract.
While the producer is paid at the paltry rate of 2/- per case or less, the New Zealand dealer will rake in the hand some profit of 10/- to 12/- per case.