Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Wage decision welcomed



Download PDFDownload PDF

RALPH HUNT MEDIA

40.

DEPUTY LEADER NATIONAL PARTY OF AUSTRALIA

44/85

WAGE DECISION WELCOMED

Shadow Minister for Primary Industry, Mr Ralph Hunt, said today the Arbitration Commission decision not to pass on the 2.6pc wage rise to the sugar industry was a landmark decision for primary industries and the entire Australian economy. .

Mr Hunt said there was a clear case for the sugar industry to be relieved of this extra burden because of its inability to pay . the increase. ,

World prices were now around $100 a tonne for sugar due to the dumping actions of some foreign competitors. In Australia producers needed to earn a Number One pool price of around $240 a tonne ' to break even against their costs.

Mr Hunt said the decision on the sugar industry would strengthen the case of the National Farmers' Federation, which had also recognised the iitipact of a general 2.6pc wage increase on farm costs and rural employment. , - ' .

The flow-on costs of the recent devaluation would soon negate any temporary increase in export earnings, and the predicted 2pc decline in farm terms of trade this financial year could be expected to accelerate in 1985-86. -

It had to be recognised that extra wage increases in industries such as sugar at the present time would only push more workers out of jobs, Mr Hunt said.

GUNNEDAH ' ' . ;ยท

26 April 1985 - .

Inquiries: (0 6 2 ) 73 2 2 93 /72 7419