MEAT EXPORT TRADE.

New Zealand Herald, Volume LIX, Issue 18080, 3 May 1922, Page 6

MEAT EXPORT TRADE.

BEEF NOW IN DEMAND. BUYERS AGAIN pPERATING. RESULT OP REDUCED CHARGES. The reduction in freezing charges and freight rates on beef which were announced last month, is already having an effect on the export market. Previously the export buyers wcro not offering a price for beef, and any quotations that were made were merely nominal, as 'no business was being done. It is now staled that export buyers are prepared to buy 500 head of cattle for killing at the Farmers' Freezing Company's Southdown works, and 1000 head for killing at the company's Moerowa works, North Auckland. The price quoted is 17s per 1001b. overall on the hooks. A fair number of cattle are being killed at Moerewa, and . the Southdown works are still open and available for the killing of stock,. Definite information as to the state of the British market for beef is still difficult to obtain, and experts consider that any substantial and permanent improvement in the market will depend upon the cessation of tho price war between the British and American groups of beof importers that hap been in progress for some time. This resulted in both the metropolitan and provincial markets at, Home being flooded.with Argentine chilled beef to the exclusion of frozen beef. Recent information, from Britain was to the effect that the price war could not continue indefinitely, and that an improvement in the market could b6 expected when the commercial hostilities ceased. Th. present activity on the part of buyers in the Dominion is an indication that a market is now available for beef, and hopes are entertained that improved prices may shortly bo ruling.