NEW ZEALAND BUTTER
MARKET IN AMERICA SPECULATIVE VENTURE Press Association—By Telegraph—Copyright NEW YORK, January 21. Experimental shipments of Australian and New Zealand butter have reached New York from London during the last ten days, but the marketing has not been satisfactory, due to special problems. Members of the produce exchange here who are handling the shipments feel however, that the importations should prove successful provided the market can be caught with adequate shipments between now and the spring, due to a distinct shortage of the commodity. The United States cold storage supplies are the lowest for many years. Major difficulties in making this market of value to Australian and New Zealand producers are that the shortage is seasonal, that quick fluctuations in price can be exacted to occur, and that the time and distance elements tend to make the venture speculative, even when the price conditions are good. Good quality butters, 90 per cent, proof or better, are at present bringing retail between 33 and 40 cents a pound.
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Bibliographic details
Evening Star, Issue 21935, 23 January 1935, Page 7
Word Count
169NEW ZEALAND BUTTER Evening Star, Issue 21935, 23 January 1935, Page 7
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