LOWEST FOR 30 YEARS

Poverty Bay Herald, Volume LIX, Issue 17948, 28 November 1932, Page 4

LOWEST FOR 30 YEARS

THE PRICE IN BRITAIN PREFERENCE FOR DANISH (Dec. Tel. Copyright—United Press Assn.) (Received Nov. 28, 11 a.m.) LONDON, Nov. 27. Notwithstanding the announcement that Australia and New Zealand intend to restrict exports, butter prices continue to fall. The present value of choicest Australian and New Zealand salted is 80s, which is the lowest for more than 30 years. Traders 1 arc unable to explain the weakness, for the consumptive demand is good, and although arrivals are heavy, cold storage stocks, as recorded by the Empire Marketing Board, oil November 12 were only 472,754 boxes, compared with 578,401 boxes a fortnight previously, and 378,401 boxes a year ago. An extraordinary feature of the trade is that the price of Danish here is 120, which includes a duty of about 15s. The reason, apparently, is that the imposition of the higher duty caused a reduction of shipments to England, and the lowering of the tariff by Germany enabled that country to take more Danish, while Belgium also i.buying it freely. It is wonderful testimony to tho popularity of Danish .in the north of England that consumers should prefer to pay Is 4d to Is hi per lb. for it rather than Is for Australian or New Zealand, which is equally good, and has better keeping qualities. MAGNIFICENT SEASON DAIRYING IN AUSTRALIA (Received Nov. 28, noon.) SYDNEY, Nov. 28. Throughout the Commonwealth butter producers aro enjoying a magnificent season, and new records are likely to Ire established. The wholesale price in Sydney is now Is Id per lb., representing the lowest I price since 1914.