DAIRY EXPORT REVIEW.

New Zealand Herald, Volume LX, Issue 18455, 19 July 1923, Page 11

DAIRY EXPORT REVIEW.

—- —-*». . COMING SEASON'S OUTLOOK. LOWER RATES FOE BUTTER. SKIM MILK POWDER SETTEE. [by telegraph.— correspondent.] HAMILTON, Wednesday. » A review of conditions affecting the I jurying industry was given to-day by Mr. J. Goodfellow. managing director of the rsiew Zealand Co-operative Dairy. Coms pany, Ltd. Mr. Goodfellow said the a company had this week received a cable--3 gram from its London manager. Mr. J. I B Wright, dated July 14, advising that b the company's butter was quoted at 160s; b Danish, 1545; French, 130s to 150s; Arf | gentine, 130s to 140s; and Irish, 148s and - j 150s. Mr. Wright further indicated that i the collapse of the strike was imminent, t, and mentioned that in any case the strike /had not interfered with Danish supplies, i but that New Zealand butter and cheese had been held up. , TJie total imports of butter into the i United Kingdom during the summer, > which totalled 24,000 tons, ' we're much [ heavier than they were last year, and in- , eluded shipments from Holland, the Bal- . tic, France, the Argentine, New Zealand, » Australia, and Denmark. New Zealand cheese for immediate delivery was quoted ' at coloured 945, white 925, Cheese held ■ up in the docks, was selling at 2s less. i Other prices quoted for cheese were i Canadian 925. forward sales, Canadian 90s. ! The cablegram further indicated that America was absorbing a large proportion of the Canadian cheese available. Milk powder and casein prices remained unchanged. Heavy Imports of Butter. ; Referring to these advices, Mr. Goodfellow said that apparently the amount | of butter imported by Great Britain durI ing the last two months had considerably ; exceeded expectations, and in consequence . the market had not reacted as had previously been anticipated. The dairy company still had 160,000 boxes afloat or in stock in London. The whole of this butter would be sold before the new season's produce arrived. The consensus of opinion seemed to be that butter prices would be on a slightly lower basis during the coming season, but that the outlook for cheese appeared to be' quite satisfactory. From recent letters received from the company's. London manager, Mr. Goodfellow said it was evident that the demand for spray process skim milk powder was increasing rapidly, and Mr. Wright had given it as his opinion that the industry l had a very great future. As a matter of j fact, Mr. Wright had stated that, he was I prepared to prophesy that within a very few years half of the milk consumed in London would be sold in powder form. Messrs. Joseph Lyons and Company, the

well-known London caterers, were at the present time conducting a campaign with the object of placing full cream and skim milk powder on the market in one pound tins. It was reported that the firm was spending in its initial effort £40,000 in advertising alone. Such propaganda would be exceedingly beneficial to the dairy, company's business, which at present was almost entirely confined to bakers, confectioners, and manufacturers. Mr. Goodfellow said the shipping companies were arranging to carry skim milk powder at reduced rates. ' Large Vendors of Milk Powder. | Cheaper coal would be a further factor in reducing the cost of production and manufacture of powder. The dairy company had recently taken over the whole of the separated skim powder business of Messrs. Joseph Nathan and Company, in London, so that the dairy company was now by far the largest operator in skim milk powder in Europe. The elimination of competition, said Mr. Goodfellow, would enable better prices to be obtained in the near future, and would fully justified the action of the dairy company in entering into 'this' branch of the dairy industry. "I have no hesitation in saying," concluded Mr. Goodfellow, "that the time is not now far distant when the company's skim milk powder proposition, which means butter plus Bkim milk, will j give the dairy farmer a better net return | than any other branch of the business."