BETTER DAIRY VALUES

Poverty Bay Herald, Volume LIV, Issue 16542, 9 January 1928, Page 8

BETTER DAIRY VALUES

RATES ADVANCE ABOUT 2/BOTH BUTTER AND CHEESE * A welcome New year greeting to rtanyfarmers is contained in cablegrams received last week by Auckland firms l'rom their London houses. Butter on i the Home market lias appreciated since ~ the previous week by approximately 2s. ; a hundredweight. Cheese lias shown an even greater increase and at 94s to 955. is netting the man on the land a good return. j Very shortly now the effect of the ro--1 duction of one penny a pound in the , retail price of butter in England, to come into operation after the holidays, should he felt. Stocks are lightly held and it would appear that the London 1 market, directing attention more than 1 ever now to butter since its reduced price brings it into competition with margarine, is being largely fed from shipments as they arrive. Reports generally describe the butter i and cheese markets as “quiet” and “firm,” but there are those which reveal an upward tendency with promise ■ of a sounder early JNew l'ear trade. The tola! importations of dairy produce into Croat Britain for November were. 20,044 tons, compared with 19,848 tons for Hie corresponding month of last year. Cheese, importations were 13,883 ions compared with 11,945 tons in ■ November, 1926. ' 1 1- is thought in some Auckland exporting circles that the extra importations of cheese may have accounted for the tho puzzling drop in values a short while ago, any such increase m shipments being accentuated in a market sense by the relatively low purchasing power of the Horne consumer. In view 7 of the lact that cheese is, and has been for some time, a more payable proposition than butter, it mightbe expected that factories with dual planis would have turned over almost, exclusively to cheese manufacture. When the mutter was referred to an exporter in close touch with the working of several factories he explained that too often, in the past, factories had been “caught” by such measures through the impossibility of forecasting with certitude the trend of the market. There, were those concerns in the province which, having effected good forward sales for cheese, confined themselves to its output, but generally speaking ho did not think there had been a general resort- to the practice. ! Most contracts made for the disposal [ of the produce of the 1927-28 dairying ! year expired at the end of 1927 and the exporter said that as yet. there was . little or nothing to indicate upon what basis the New Year’s buying was to be j placed. There was a distinct wariness . in the market.--Auckland Herald.