THE BUTTER MARKET
LONDON PRICES REMAIN FIRM. The butter market remains firm ami some traders earlv last week even bid up to 121/- per cwt for Australian and Now Zealand butter. The expectation is that political events in Europe may strengthen the market. Total imports of butter for February were 42.925 tons, as compared with 33,877 tons for Februarv of last year. Australian and New Zealand imports were 30 per cent, higher; Baltic countries shipped almost double last year’s tonnages. It is remarkable where all the butter has gone, as no surplus is shown in cold store stocks. Arrivals during the next few weeks are not heavy, so the expectation is that the market will remain firm until increasing supplies are available from Europe. The cheese market is also firmer. Arrivals from New Zealand continue to bo booked up before they are available, resulting in a continued scarcitv of stocks for the requirements of general marketing.
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Kaikoura Star, Volume LVIII, Issue 24, 24 March 1938, Page 1 (Supplement)
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156THE BUTTER MARKET Kaikoura Star, Volume LVIII, Issue 24, 24 March 1938, Page 1 (Supplement)
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