DAIRY PRODUCE
FORWARD BUYING. UP TO 10£D. RECORDED. ISpeclal to "Northern Advocate ”3 AUCKLAND, This Day. The latest forward sales of butter are reported at 10dd per lb., f.0.b., while 10 3-8 d for June-July shipment has been quoted. Reports from Taranaki state that 10Jd per lb., f.0.b., Was recorded yesterday. This is equivalent to 90/ per cwt. in London. ONE SHILLING BETTER N.Z. SALTED BUTTER \ ISpeclal to "Northern Advocate ."l I AUCKLAND, This Day. Messrs. A. H. Turnbull and Co. Ltd. I have received the following cable from . I Messrs. W. Weddel and Co. Ltd., dated | London, May- 28, reading; Danish butter, 99/- (last year 85/-); New Zealand salted butter, 82/- (77/-); Australian. 81/- (74/-). Market firm. New Zealand cheese, white, 43/- (45/- to 45/6); coloured, 44/- (44/- to 44/6). Market quiet. The New Zealand Producers’ Cooperative Marketing Association Ltd. have received' a cable from London, dated May 28, reading: Butter firm, cheese quiet, unchanged. Butter: New Zealand, 82/-; Danish, 100/-. AUSTRALIAN OPERATIONS. BUTTER SCHEME SUCCESSFUL. (Received 9 a.m.) SYDNEY, May 28. At the annual conference of -the New South Wales dairy factory man--agers today, it was officially announced that the equalisation scheme'which had been in operation 12 months had been an outstanding success. The actual amount gained by the four - eastern states above world parity prices is £4,000,000. Compared with the Paterson scheme, with a levy of l“d and a bounty of 3d, the advantage is £1,882,000. The ' administrative levy for the mainten,1 ance of the' Paterson scheme is a Id 1 per box, ' : It was also that where--1 as in 1913 Australia exported 33,840 ■ tons of butter for £lO5 6/ per .ton, ; the 1935 estimates were 125 tons, re-, ■ presenting £75 per ton. ... > ! The equalisation scheme embraces , ‘ compulsory and voluntary action and 1 the fixation of quotas so that manu-/ 1 facturers of butter in each state receive an equitable proportion of the ’ more profitable local and overseas ’ market.- , ,
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https://paperspast.natlib.govt.nz/newspapers/NA19350529.2.65
Bibliographic details
Northern Advocate, 29 May 1935, Page 6
Word Count
322DAIRY PRODUCE Northern Advocate, 29 May 1935, Page 6
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