Dairy Produce Prices

Manawatu Times, Volume LV, Issue 6788, 20 February 1932, Page 4

Dairy Produce Prices

Med of British Tariff on the Market

RISE IN DANISH BUTTER EXPLAINED

Per Press Association. WELLINGTON, Last Night. 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 daiiy producers have been especially interested iu tho course of tho market. When the aunouuccmcut was made tnc market level for Now Zealand butter was 965, w'ith Danish at approximately I3os. Marked activity has been shown since and Now Zealand producers have welcomed tho rise to 112 s for butter,, with a corrcpsonding increase in the price of cheese. They have, however, been puzzled to find an equal oi even greater rise recorded in 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 2,000 tons of butter per week. Tho premium represented by to-day’s price of 150 s for Danish is duo in the first instance to the groat cr number of bids from the Continent, enabling Danish exporters to ask for higher prices from British buyers, and in the second place to a probable increased demand from British buyers themselves in 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.