SATURATION POINT

Poverty Bay Herald, Volume LX, Issue 18208, 2 October 1933, Page 4

SATURATION POINT

PRODUCE FOR BRITAIN MR. BAXTER’S COMMENT NEED FOR RESTRICTIONS “1 am convinced that the argument is decided in favor of the control and regulation of various agricultural commodities in our markets, and that it is impossible unless all countries agree,” said Mr T. Baxter, a representative of the National Farmers’ Union of England and Wales, in an interview at Palmerston North. “\[y feeling and desire is that foreign countries- should first be penalised to the greatest extent possible, and the Dominion should receive as much consideration as possible,” said Mr Baxter. “1 can quite conceive the alarm of the farmers of New Zealand at any suggestion of cheeking the rate of production, but I think that, for the moment, we have arrived at saturation point in England so far as the absorption of produce is concerned. Until we can enlarge the market, or the demand is further developed, the prosent position will only lead to a further reduction in prices. I know of no other way of preventing unsatisfactory prices than by regulating the market amt dairy production. A small- glut in any market' -only alii ns ■the price for all. “My feeling is that a small reduction is* all that is required, and it will have to be made in cheese. The milk which is diverted from that source can still be used for the manufacture of butter. Our markets will still be open for it, though without control of this market, butter prices are likely to fall still lower.”