PRICES FOR DAIRY PRODUCE.

Manawatu Standard, Volume LII, Issue 69, 20 February 1932, Page 7

PRICES FOR DAIRY PRODUCE.

EFFECT OF BRITISH TARIFF. Per Press Association. WELLINGTON, Feb. 19. Since Great Britain announced the imposition of a tariff of ten per cent, against foreign dairy produce, to be effective on March 1, New Zealand dairy producers have been especially interested in the course of the market. When the announcement was made the market level for New Zealand butter was 965, with Danish at approximately 130 s. Marked activity has been shown since and New Zealand producers have welcomed the rise to 112 s for butter, with a_ corresponding increase in the price of cheese. They have, however, been puzzled to find an equal or even greater rise recorded m the price of the Danish article. »

A cable received by the Dairy, Board explains the position. The cablegram states that Denmark has apparently established a demand in Britain for a minimum quantity of 2000 tons of butter per week. The premium represented by to-day’s, price of 154 s for Danish is due in the first instance to the greater number of bids from the Continent, enabling Danish exporters to ask for higher prioes from British buyers, and in the second place to a probable increased demand from. British buyers themselwes iq anticipation of the ten per cent, tariff becoming operative on March 1. The restrictions imposed by Germany and France against the importation of butter from other countries have been temporarily lifted, thus creating increased Continental competition for Danish supplies.