BUTTER PRICE
Another fall forecast (N.Z. Press Association) AUCKLAND, July 18. The latest record fall in the British price for New Zealand butter, combined with an alarming drop in consumption there, showed how insecure was the basis of the butter pricing arrangements agreed to by the Prime Minister (Mr Marshall) at Luxemburg, said the Labour Party spokesman on Agriculture, Mr C. J. Moyle. “The two most alarming features are not so much concerning price, although those are bad enough, but the change in consumption habits, mainly the switch to margarine and the increase in cheese consumption,” he said. New Zealand had handed the cheese market to France after 1978, leaving this country the problem of disposing of the "non-fat solids” aspect of any butter sales to Britain. “We have not seen the end of price falls this year,” said Mr Moyle. “Europe’s butter surpluses, high stocks in Britain, and a New Zealand butter price still above British price, all point to a further substantial fall before the end of this year.”
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Bibliographic details
Press, Volume CXII, Issue 32972, 19 July 1972, Page 17
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171BUTTER PRICE Press, Volume CXII, Issue 32972, 19 July 1972, Page 17
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