BUTTER RESTRICTION
STOCKS STILL HEAVY
(Received March 20, 10.30 a.m.)
, LONDON, March 19. Although nothing definite has been^ arranged regarding the restriction of butter imports, traders generally hold the opinion that some reduction will be made. This has caused a general improvement m prices. Choicest New .Zealand is now fetching 80s per cwt, and Australian 78s, but stocks in cold store still exceed 20,000 tons, and with shipments still heavy, even the most optimistic observers do. not anticipate any considerable recovery in. prices. An important factor is the decreased Continental demand owing to restriction by quotas and high tariffs, which has prevented surplus butter from here being shipped to the Continent.
The result is that re-exports to European countries during the last three months have been 10,000 tons less than during the same period of 193'
Joseph Nathan and Co., Ltd., have reCelJ ed r { rr om t beir Principals, Trenprouse and Nathan, Ltd., London, the following cabled advice,, dated March 18:—"New Zea and butter, 78s to 79s per cwt; New Zealand cheese, white, 445; coloured, 50s •Both markets very quiet."
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Bibliographic details
Evening Post, Volume CXV, Issue 66, 20 March 1933, Page 10
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181BUTTER RESTRICTION Evening Post, Volume CXV, Issue 66, 20 March 1933, Page 10
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