BUTTER IN LONDON.
EXCESSIVE RETAIL PRICES. RECORD ACCUMULATIONS. Australian and N.Z. Cable Association. (Reed. 7.5 p.m.) LONDON, July 17. The butter market is suffering from excessive retail prices. Despite the recentlow wholesale values, butter is still selling at the retail price of from Is lOd to 2s per lb. The most important factor in keeping down the prices is the excessive supply of both Colonial and Continental butter. Never before has there been such a large amount of Continental butter received in London, while the policy of storing the Colonial produce, in an attempt to maintain prices, has resulted in unprecedented accumulations in store.
Official figures, which do not reveal the contents of private cold stores, show that at present there are 1,000.000 boxes in the cold stores. In view of this fact and of the heavily-reduced consumption in industrial areas, owing to the strike, it is the considered opinion of many importers that the low prices have come to stay, at least for some months.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19260719.2.55
Bibliographic details
New Zealand Herald, Volume LXIII, Issue 19383, 19 July 1926, Page 9
Word Count
166BUTTER IN LONDON. New Zealand Herald, Volume LXIII, Issue 19383, 19 July 1926, Page 9
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in