BUTTER AND CHEESE

Hawera & Normanby Star, Volume XLI, Issue XLI, 10 September 1921, Page 11

BUTTER AND CHEESE

THE. "MARKET PROSPECTS.

(BY *EI,EGBAr-H —FZIEBS ASSOCIATION.)

AUCKLAND, Sept. 7

At the annual meeting of the East Tamaki dairy farmers the prospects for this season's dairy produce wore referred to by Mr. A, J. Sinclair, assistant manager of the New Zealand Cooperative Dairy Company, Ltd. He said that influences were at work on the Home, market in connection 'with cheese which it was a little difficult to explain at tho moment, but it should bo remembered that efforts were frequently made at this time of the year to "bear" tho market. Practically no forward sales were being mado this season, buyers having been severely hit by tho experience- of last year. Any small sales that had taken place were mostly to fulfil orders, and were not of a speculative nature. AH indications pointed to a very satisfactory price for consigned cheese, and seventeen of tho company's cheeso factories, which had been separating milk during August for butter-making purposes, commenced the manufacture or cheese on September 1. Mr, Sinclair stated that tlio decision of the Imperial Government to reduce the price of New Zealand butter would have a very beneficial effect on the company's season's butter output in New Zealand. The Imperial Government Had still between 20,000 and 30,000 tons of butter in store, and, obviously, it recognised that this would have a poor chance against the fresh season's make, which would arrive in England from November onwards. Indications pointed to this season's butter realising somewhere about 2s Id f.0.b.. and, in view of the decreased cost of production on the farm this season as compared with last, this must be considered a very satisfactory prioe. At the moment it was impossible to state whether cheese or butter would be the better proposition this year. — Wellington Post Correspondent.