THE PRODUCE EXPORT TRADE.

Press, Volume LV, Issue 10146, 20 September 1898, Page 5

THE PRODUCE EXPORT TRADE.

(By Telegraph.)

(JKOM OUR SPECIAL CORRESPOISBENT.)

WELLINGTON, September 19.

Mr Cameron, in his last report from London, writes: —"At present the markets for both butter and cheese are extremely dull. Butter is in large supply, and prices have seldom been so low. . Choicest Danish butter is only averaging about 86s. Cheese, although slightly better in price than it was a few weeks ago, is yet being offered at very low prices. Canadians have been offering freely at about 38s on ah average, and unless the low price ruling causes the Canadian producers to curtail their output by making butter instead of cheese, stocks are expected to be again this season large. Greatly increased supplies of butter are expected from the Argentine, and Australia, which during the last three years has been suffering from drought, is expected to send forward much heavier supplies. The season in this country has been an unusually favourable one for all branches 6T agriculture, and the Home make of both butter and cheese will be large. Heavy supplies of butter and cheese may therefore be - anticipated, with correspondingly low prices. Low prices, of course, stimulate demand. The prospects, therefore, for New Zealand produce during the coming season, as far as can be ganged, are that the demand will be good only for choicest quality, but that the prices will be low,"