DRIED MILK INDUSTRY.

New Zealand Herald, Volume LIX, Issue 18173, 19 August 1922, Page 10

DRIED MILK INDUSTRY.

—i PROSPECTS FOR NEW SEASON. IMPROVED MARKET CONDITIONS. The dried milk industry, which three or four years ago was confidently expected to take a leading place in dairying activities in the Auckland Province, but which hitherto has not fulfilled expectations) is still claiming considerable attention in the Waikato district. Market conditions in regard to the product are said to have improved considerably of late, both in Britain and America, and the prospects of establishing the industry on an equally profitable basis with other branches of dairying, have assumed a brighter aspect. The HjSbald's Te Awamutu correspondent states that an important departure in connection with tho dried milk indugtry in the Waikato ia the arrival of Mr. G. P. Smith, an expert from California, under engagement to tho New Zealand Co-operative Dairy Co., to take charge of the whole of tho process worfj: in connection with thiis industry. The Te Awamutu factory will reopen on September 1, and it is considered that advices from London are such as to justify the hope that good payable prices will rule for a long time to come, witn an expanding business as the value of tho product becomes better known in Britain. At present orders are in sight for 2600 tons of powder, this alone being 600 tons in excess of last year's total production. The Cambridge correspondent of the Herald states that the cSairman of the Cambridge Co-operative Dairy Company, Mr. Mervyn Wells, has learned from a. reliable American source, under date June 28, that there had been a decided change in tho market for skim powder. Miscellaneous brands of good sprav process, which were selling a week prior to the above date at 8 cents were then held at 9 cents, and there were bids of 8$ cenfa wholesale. One of the leading manufacturers had advanced the price on one of his brands 1 cent, and others were contemplating some readjustment in prices. The demand had improved, and since jobbers had been very lightly stocked the increasing call had affected tho wholesale trading very promptly, resulting in the firmness.