DAIRY MARKETS.

Auckland Star, Volume LVIII, Issue 211, 7 September 1927, Page 7

DAIRY MARKETS.

HIGH PRICES LIKELY.

New Zealand Cheese For Great

Britain.

PROSPECTS FOB BUTTER GOOD

{By Cable.—Press AimociaUoii.— "Cojiyrlglu ) %

<K*«3»-*"d ] p^a>

LOXDOX, ScptcmW f.

Market inquiries indicat* niur.! better prospect* for X«w Zealand dairy produce in the coming eeaean. with higher prices likely, which vil largely oonjpens«l« for last season** losses.

Canadian chvvHv export* to Orrin Britain during the «mmicr are eFtimalc. «t S5 per cect below licme of 3920, Kid they are tie low«st for 35 year*. Tin. i* due to U»e diversion of big «ip])lit> of milk and cream and the sale* of a larger α-omher of dairy cattJc to Ununited State*.

A* Brilain depends chiefly on Canadian and \>«- Zcalaod <iiw:ne. Xcw Z ( , u - land it Hkdy to monopoliw Ibc British market in the coming «**on. etid it i* probable tfcat ln«re will be wirrc*T>ondingiy fairer price*. A portion of the New Zealand'n output ha« already hem »old iu Britain m moderate prine* but the nmjoriiv will reap a real benefit from the itrrprorr meat, a* Canadian cheene ha* advenced to the extent of from Ifl/ to 300/ per cwt in the pa*t week. The ahrewde«t London importer* point out that it is impo««iblc> for Canada to make up the «k£«t in the two month* before Ua do« 3«" cf the «ea«on and the may, therefore, be oompelled to import New Zealand cheese next winter. British importers have already received ioquiriec from the United States. While it is possible that thaw may tint materialise in a demand for euppHoK they convey an indication of a powriU? winter shortage all orer Xorth America. Tβ* butter position i* not yet defined, but unless Australian condition* improve New Zealand's production in the ensuing early months should realiw relatively high prioe*. It i* noteworthy that already considerable quantitae* have been booked for Canada, Iwt it U uncertain whether the United State* i* likely to import butter during the winter.

Well-informed rirde* foresee thst pie. •eat conditions will end in a world-wide agriculteral depesutan and brighter prospects for dairying.—<Sj-4x»ey "Sun."}