DAIRY INDUSTRY.

Manawatu Standard, Volume LIII, Issue 312, 30 November 1933, Page 10

DAIRY INDUSTRY.

THE INCREASED PRODUCTION. “A tremendous increase in production of dairy produce lias been shown during the past season,” said Mr T. Currie, chairman of directors, at the annual meeting of the New Zealand Farmers’ Co-op. Distributing Coy., Ltd., at Masterton, yesterday afternoon. ‘‘Between the years 1931-32 and 1932-33,” lie added, “butter showed an increase of 23,588 tons, or 26.63 per cent., while cheese went up 12,804 tons, or 14.52 per cent. Taking the gradings on a butterfat- basis, there is a general increase in production of 20.35 per cent. “During the past season, London values of both butter and cheese exhibited extraordinary fluctuations, and leached record low levels. Opening in August at from 104 s to Ills, the butter market tinned in September to 116 s. In October the price came back to 106 s. From December- onwards prices steadily declined until April, when the lowest figure on_ record for 25 years was reached at 655. May- and J une saw an improvement, and in July prices recovered to 84s. Cheese opened at about 57s 6d in August for white, and reached 67s in October, but lrom November onwards values steadily declined, reaching the lowest point in April at 375. From May onwards prices firmed, and at the end of July had reached 50s for white. “in September butter rose to 110 s and cheese to 555, but both have since steadily declined. The past season has been the worst experienced by our dairy farmers for many years, and with the prospect of quotas and tariffs, the future is very uncertain.”