DAIRY PRODUCE EXPORTS.

Ellesmere Guardian, Volume LIV, Issue 22, 21 March 1933, Page 4

DAIRY PRODUCE EXPORTS.

The dairy produce market in Britain continues to be in the doldrums, consequent upon the glut in supplies received from exporting countries, particularly New Zealand and Australia. Apart from any restrictive action which the British Government might take, in ec-operation with the Dominion Governments concerned to save the market for the British farmer, there does not appear to be any remedial factor in sight, for although in Australia and New Zealand the seasonal output is falling off, a new producing season is commencing for Denmark and other North European countries. So well have the dairy farmers of New Zealand responded to the appeal to produce more, it is interesting to note, that during the seven months of the present season to the end of February shipments of butter totalled 75,787 tons compared with 62,257 for the same period of last year, an increase of 13,530 tons. The increase in cheese for the same period was 8076 tons. Of the amount of butter produced all but 1356 tons went to Britain, while that country is the only overseas market for cheese. As Australia and Argentina have also experienced very considerable increases in exports of dairy produce all sent to the same market, it is little wonder that prices have fallen and that the large stocks are accumulating. Negotiations are continuing between the British, Australian and New Zealand Governments for restrictions on exports, but both the Australian and New Zealand boards are opposed to regulation of this nature. This uncertain position must be very unsettling to the industry, for a report that Australia had agreed to restrictions had the effect of firming the London market and improving prices. If this proves to be incorrect, the market will again react and prices fall.