BUTTER RESTRICTIONS
POSSIBLE AUSTRALIAN ACTION. GOOD EFFECT ON MARKET. (Received 10, 10.30 a.m.) London, March 9. The cabled news that the Australian Cabinet is reconsidering the restriction of butter exports is having an immediate satisfactory effect on the market. Earlier in the week news of the decision not to restrict caused prices to slump. New Zealand choicest fell yesterday to 70/- to 72/- and Australian to 69/- to 71/-, the lowest ever touched. To-day’s news brought buyers to the market and there were considerable purchases, largely speculative, in anticipation that quotas will be agreed to. This raised the New Zealand price from 74/- to 75/- and Australian from 72/- to 73/-. Several of the largest importers are of the opinion that if Australia and New Zealand agree to the restrictions prices will recover considerably, but there must also be a restriction on foreign butter. N.Z. MISSION TO AUSTRALIA. By Telegraph—Press Association. Auckland, March 10. It is reported from Kahukohu that Mr. W. P. Grounds announced that he and Mr. W. Dynes Fulton had been deputed to go to Australia to discuss the butter situation. Mr. Grounds expressed himself as strongly against export restriction.
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Bibliographic details
Hawke's Bay Tribune, Volume XXIII, Issue 75, 10 March 1933, Page 7
Word Count
193BUTTER RESTRICTIONS Hawke's Bay Tribune, Volume XXIII, Issue 75, 10 March 1933, Page 7
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