BUTTER TRADE
CAUSES FOR PRICE RISE
(By Telegraph.—Press Assn.—Copyright.) LONDON; February. 3. The butter trade continues to improve and prices have steadily hardened until today choicest salted New Zealand is fetching 92s per cwt and Australian 90s, which is 15s higher than at the beginning of January and 20s higher than at the beginning of December.
Several causes have contributed to this satisfactory state of affairs. The first is the continuance of the strong consumptive demand which resulted in a reduction of cold-stored stocks to about 400J000 boxes; or roughly about one week's consumption. Another "bull" factor in the market is that New Zealand is shipping considerable quantities to the United States, which has also been buying'here, and then there is news of a severe drought in New Zealand with a consequent heavy reduction of butter production, so importers are taking a very firm attitude. The higher values will cause retailers to ' advance prices by j a penny or twopence a pound, but this is not expected to mean any serious reduction in consumption.
Theegg market is still depressed. The brief cold snap gave hope of some improvement, but spring-like weather quickly returned and prices remain at the recent low level, Australians ranging from 7s 3d to 9s, according to weight.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19350204.2.143.7
Bibliographic details
Evening Post, Issue 29, 4 February 1935, Page 12
Word Count
211BUTTER TRADE Evening Post, Issue 29, 4 February 1935, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in