HOLDING DAIRY PRODUCE

Hauraki Plains Gazette, Volume XXXVII, Issue 4990, 21 June 1926, Page 4

HOLDING DAIRY PRODUCE

CONTROL BOARD’S! ATTITUDE.

PROBABLE EFFECT ON PAY-OUTS,

Dairy factories throughout North Taranaki have paid out this month from Is 5d to Is 5%d for both butter and cheese, but farmers generally are very much concerned as to the fu-

One man prominently associated with the industry, talking to a “Herald” reporter recently, said that owing to the unaccountable action of the Dairy Produce Export Control Board, which was causing nearly onehalf of the cheese output of Taranaki to meet with the new season’s supply from Canada, it was quite possible that the present rate of advance made by London firms, namely, 8d per lb a,gainst shipments, would haye to be revised within the next fortnight. “Should these be reduced,” he continued, “to, say, 7d, it will immediately cause the withholding of any additional payments by the dairy companies during the winter months, and until such time as the whole of the season’s cheese is marketed, probably not until next October.” It is understood that there has been plenty of space available for the shipment of cheese, and, in ( fa’ct, that Home steamers have been asking for produce. “The increased shrinkage,” the informant said, “plus storage charges and the possibility of a much lower market, may have the. effect of reducing the pay-outs of cheese companies for the whole season by at least l%d to l%d per lb, whereas, had common sense been exercised in arranging the shipments, the season for cheese factories would have turned out better tha.n last season.” So far as the butter market is concerned, latest advices from London quote 168 s per cwt., with a falling tendency, and indicate that the price is likely to remain at a lbw figure for some months to come. Farmers are having a good season at Home, and on the Continent, and supplies a,re considerably in excess of demand. — Produce Review.