PRICE FOR N.Z. CHEESE
INCREASE OF 12.7 PER CENT. NEW CONTRACT WITH BRITAIN (P.A.) WELLINGTON, July 19. Under the terms of the new contract with Britain for the sale of New Zealand’s dairy produce, the price next season for cheese will be 133 s sterling per cwt f.o.b. This is an increase of 15s on last season’s price. The new price represents an increase of about 12.7 per cent, on last season’s price, compared with an increase of 14.5 per cent, in the butter price, which was announced last week. In the nine years that the bulk purchasing system has been operating, the price Britain has paid New Zealand for its cheese has risen by more than 100 per cent.
On the basis of the 1947 volume of production, the new cheese price of 133 s sterling per cwt will add about £1,500,000 sterling to New Zealand’s export income.
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Bibliographic details
Press, Volume LXXXIV, Issue 25551, 20 July 1948, Page 4
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149PRICE FOR N.Z. CHEESE Press, Volume LXXXIV, Issue 25551, 20 July 1948, Page 4
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