BUTTER-FAT PRICES.

Hawera & Normanby Star, Volume XLII, Issue XLII, 21 July 1923, Page 3

BUTTER-FAT PRICES.

A FORECAST.

A large meeting of dairymen was held recently at Matamata, when addresses were given on the past season's operations. Mr. Banks said, regarding the coming season, that he did not want to appear pessimistic, but he could not see a possibility of the past season's prices being maintained. He wanted farmers to prepare for a lower payment. He did not think payments for" butter-fat would reach Is 6d. per .poiind for next season. Matters were coming back to normal, and other ooun-

trios were now exporting and at times flooding the market. Another speaker said they could not hope to effect further large reductions of costs in New Zealand, but there was still room for a steady advance at the marketing end. A resolution was unanimously carried heartily approving of the passing of the Dairy Control Bill a-s being fri the best- interests of the dairy industry. M*\ Heighway said there was one big leak in the business, and it was at the marketing end. There was no use trying to effect savings of farthings per 1b of butter-fat if they were losing pence per 1b at the marketing end. There were strong reasons for the Dairy Produce Control Bill. It mishit not come through this session^ he said, but it had to come. . i - I