THE BUTTER SLUMP

Poverty Bay Herald, Volume LV, Issue 17241, 24 April 1930, Page 7

THE BUTTER SLUMP

A SERIOUS OUTLOOK NEED FOR ORGANISATION (Specinl to the Herald.) AUCKLAND, this day. The London butter market has become demoralised, and has relapsed to the lowest point since the great slump in December, 1921, states Mr. W. Goodfellow, managing director of Amalgamated Dairies, Ltd., in his monthly report to suppliers of the New Zealand Co-operative Dairy Co., Ltd. With heavy quantities of New Zealand and Australian butter in sight, and a mild winter in Europe, it 'was only to he expected that values would be lower than last season. The decline, however, slated, Mr. Goodfellow, was accentuated by the recent financial disturbance in "New York, but nevertheless, taking all these factors into consideration, it was undoubtedly fierce competition among the agents selling New Zealand butter to big buyers which was directly responsible for the low prices. It was, of course, impossible to forecast with accuracy the prices that the company was likely to receive for its produce' in the future. It would lie well for suppliers to anticipate a lower range of price levels than had been experienced during recent years, and to make their arrangements accordingly. Lack of co-operation among dairy producers generally in the marketing of their produce placed them in a comparatively weak position, and it was the company's firm conviction that had the dairy producers given greater care and attention to the marketing end of their business they would not to-day nave been accepting such a low figure.