BUTTER AND CHEESE

Otago Witness, Issue 3518, 16 August 1921, Page 9

BUTTER AND CHEESE

TRADE OUTLOOK PROMISING. PALMERSTON NORTH, August 13. With relerence to statements published regarding the instability of the London butter and cheese markets, and that consequently a fall in prices is pending, a representative of the Manavvatu Standard wa3 informed by the secretary of several dairy companies and the agent of a large Tooley street distributing house that these remarks were, in their opinion, misleading and very much exaggerated. While admittedly there was a slight easing in prices, the opinion was general that the outlook during the coming season for both butter and cheese was good. Amongst others, the allegation was made that owing to the drought in England a greater supply of home-made cheese was assured, but it was obvious to experienced dairymen that the breaking of the drought had come too late to affect the production of English-made cheese. Moreover, one large firm which had an order to buy cheese at lli<l was still open to negotiate at that figure, as its principals had not cabled instructions to reduce the limit. A further instance of the stability of the cheese market was mentioned. Cable advices received stated that sales of cheese were made at 136 s per cwt in London—• equal approximately to Is f. 0.1). Wellington.