Fiji Frees Flour, Bread
p. 61 · Read in the full issue
From Control
From Our Own Correspondent
Suva, Aug. 12.
|)RICES of flour, sharps and bread jl were freed from Government price control in Fiji on July 31. This follows the withdrawal of United Kingdom and the Colonies from the International Wheat Agreement.
Under this agreement Fiji has in recent years been allocated 15,225 short tons of flour and sharps at a fixed price. The deficiency, ob tained from the free market at higher prices, has been subsidised by the Fiji Government which has also controlled the price of bread.
As it is now considered that the world outlook does not warrant the higher price asked this year under the International Wheat Agree ment, the UK and Colonies will now purchase at fluctuating prices on the free market. Substantial falls in prices are anticipated as a result.
The Fiji Price Controller will keep a close watch on retail prices of these commodities and re-introduce control if it becomes necessary.