THE BUTTER MARKET
EASING IN PRICES. ANALYSIS OF POSITION. RETAILERS INCREASE PRICE. (United Press Association—By Electric Telegraph.—Copyright.) Received October 30, 8.10 a.m. LONDON, Oct. 29. Although stocks of butter in cold store had been materially reduced in the first fortnight in October, they now amount to 795,000 boxes as against 965,000 a month earlier. The market has been dull, with prices easier. This is probably due to the statistical position, for the total afloat to the United Kingdom from Australia, New Zealand and Argentina amounts to 846,880 boxes, as compared with 817,370 a year ago. The reduction of price in Danish butter has also tended to weaken the market. This reduction is apparently due to the diminution in the amount purchased by Germany. It is also possible that the consumptive demand here is affected by many retailers raising the price of Australian and New Zealand to Is Id per lb. The consumers resent paying the extra penny and some prefer to give Is 2d for Danish.
Next week the retail price will be brought down to Is in the hope of stimulating demand.
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Manawatu Standard, Volume LIII, Issue 285, 30 October 1933, Page 7
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183THE BUTTER MARKET Manawatu Standard, Volume LIII, Issue 285, 30 October 1933, Page 7
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