BUTTER PRICES
The price of first-grade batter in Auckland was reduced yesterday by 3d, and is now Is 4d per lb. According to the New Zealand Herald this reduction will practically equalise the prices obtaining in the local market with present f.o.b. export rates. The local market will in future be ruled by the London values, and rapid fluctuations in price may be expected fr,om week to week. The price of butter locally will be fixed every week' by the Auckland section of the Dominion Butter Committee, according to cabled advice from London. During this, season about 25 per cent, of the butter placed on the local market has been second grade, as advice has been received from London that only first grade is required there. As a result of the drop in prices the consumption of butter in Britain has greatly increased, the sales lately having shown a 10 to 20 per cent, increase on pre-war consumption figures. The opinion is held by some merchants that the worst of the situation has passed and that any further movement will be toward better prices to the producers.
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Bibliographic details
Evening Post, Volume CIII, Issue 13, 17 January 1922, Page 8
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187BUTTER PRICES Evening Post, Volume CIII, Issue 13, 17 January 1922, Page 8
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