$462m Loss On Butter
(N.Z.P.A .-Reuter —Copyrights BRUSSELS, June 2.
Butter surpluses cost the Common Market the equivalent of 5462 m last year, though the Community's stocks were substantially reduced, according to provisional estimates given in Brussels. This was 3150 m more than the 3312 m total in 1968 for storing or subsidising exports or the conversion of butter surpluses.
The Community’s butter stocks dropped by 50,000 tons over the year to the present level of about 220,000 tons. But, paradoxically, the greater the quantity the Common Market disposes of, the greater the expense, because the heaviest costs are incurred in export or transformation subsidies.
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Press, Volume CIX, Issue 32313, 3 June 1970, Page 17
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105$462m Loss On Butter Press, Volume CIX, Issue 32313, 3 June 1970, Page 17
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