Much Sugar
p. 29 · Read in the full issue
World Now HAS Too Much Sugar International Conference in London
Representatives Of The
6 sugar-producing countries of the world will meet in London 11 July 13.
'The conference, which has been filed by UNO, will attempt to ntablish export quotas for sugar •oducing countries, and to prevent glut.
Australia, which this year ex sets to have about 600,000 tons Bur ns to domestic requirements, is mding eight representatives led 7 the Commonwealth Minister for irade and Customs, Senator N.
"Sullivan.
British Commonwealth sugar pro jcing countries (including Austra a and Fiji) already have a sugar jreement with the UK in respect : their sugar exports until 1960. resumably some effort will be lade to have this embodied within le framework of any new and roader agreement.
Before the war there was con derable world over-production of igar. During the war and in the nmediate post-war years demand as far ahead of supply, but this «way has now been made up, articularly by the West Indies and üba. Fiji and Australia had not een able to fill their quotas under le British Commonwealth Agree- Lent, until, in the current season, oth have produced record crops.
Last December, the UK Ministry E Food announced that the price ley would pay Commonwealth pro ucing countries in 1953 would be 3tg 42/6/8 per ton —a rise of 3tg3/16/8 per ton on the 1952 rice. This, in turn, meant that a jeord price would be paid to rowers including Fiji - Indian rowers—for their cane.
Although “agreements” and other rtificial means have cut across the Id laws of supply and demand and ave done a great deal to prevent le consumer reaping the benefit f glut seasons, it could be that oe sugar-producing countries are ow entering a buyers’ market and period that will put the accent n industrial efficiency rather than ver spiralling rewards.
Sugar is still Fiji’s most valuable xport but officials of the CSR Co. lave constantly warned growers nd others in recent years that ost of production was getting out f hand.
Mr. H. Storck, lately manager for IP’s, at Rotuma, transferred to a imilar position on Niue Island in lay.