No rush to beat levy
(N Z P.A. Staff Correspondent) LONDON, Dec. 30. There has been no last-minute rush to try and bring New Zealand lamb into Britain before the second stage of the import levy is applied on January 1.
A spokesman for the New Zealand Meat Board said in London today that a “balanced situation” prevailed—-cold-store stocks standing at
19,900 tons on December 17 compared with 21,600 tons at that time last year and arrivals for the rest of the month are expected to be light. It had been feared that importers might try to bring in extra shipments before the January 1 deadline, thus building cold-store stocks to a level which would depress the market. It is now felt that this happened in June, when meat companies tried to beat the- initial stage of the levy and forced prices down.
The slow start to the New Zealand killing season reduced the amount of lamb available for shipment. The price of lamb at Smithfield remains firm, old season’s selling for 14.1 p to 14.6 p per lb for the week ended December 24. For the same week last year the price was 13.1 p to 13.8 p. The second stage of the levy will be £9.34 a ton to bring the total levy to £18.67. The final £9.33 will be applied on July 1.
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Bibliographic details
Press, Volume CXI, Issue 32803, 31 December 1971, Page 2
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226No rush to beat levy Press, Volume CXI, Issue 32803, 31 December 1971, Page 2
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