FALL IN BUTTER.

Otago Witness, Issue 3783, 14 September 1926, Page 13

FALL IN BUTTER.

FACTORIES’ MISTAKEN POLICY AUCKLAND, September 7.

In an interview regarding the fall in the price of butter, Mr W. Goodfellow, managing director of the New Zealand Co-operative Dairy Company, said the position had not been altogether unexpected. “It is due,” said Mr Goodfellow’, “to the fact that a number of factories have been in the habit during the past few’ years of placing selling limits on their produce without possessing a knowledge of the market conditions necessary to estimate wliat constitutes a reasonable limit in this respect. I am hopeful that the advent of the national system of control will prove a safeguard against such violent fluctuations as the present. Under the existing conditions it has been quite impossible for anyone to obtain an accurate estimate of the quantity of New Zealand blitter stocks held in cold store in London. A few weeks ago it was reported that 30,000 tons of New Zealand butter w r as so held. I cabled for a report and the reply was an estimate of 15,000 tons which was right. Under the board’s system there will be no uncertainty on this important point.”