NOT OPTIMISTIC
OUTLOOK FOR BUTTER UNUSUALLY HEAVY STOCKS LONDON, April 19. Low er retail prices for Australian and New Zealand butter, 14d to 16d per lb., are now ruling all over the. country and have had the effect of materially increasing consumption and have brought about a better tone in the wholesale market, which this week has shown a recovery by Is or 2s from last week’s depressed level. It is hoped that consumption will continue to expand, but the statistical position does not appealpromising. Stocks in cold storage here have been ijieadily accumulating for some time past, and it is estimated now that the amount is about 16,500 tons, without the stocks in private stores. In addition to this larger quantity in England cold stores, the stocks in New Zealand at the end of March were 14,500 tons,', so that, although the quantities afloat from Australia are less than a year ago, we are faced with the prospect, of heavy supplies for some time. Under these circumstances, importers are by no means optimistic regarding the future. The cheese position is more hopeful, with a good demand. Prices have recovered about 4s per cwt., and, with the approach of summer, the consumption may he expected to improve.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17239, 21 April 1930, Page 7
Word Count
207NOT OPTIMISTIC Poverty Bay Herald, Volume LV, Issue 17239, 21 April 1930, Page 7
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