THE CHEESE MARKET.

Taranaki Daily News, 8 June 1921, Page 4

THE CHEESE MARKET.

“SUBSTANTIAL BREAK IMMINENT,” NEXT SEASON’S PROSPECTS. . : The question of whether butter oq cheese will the highest price to tha dairy farmer next season was referred to by Mr. Maurice Nathan (a managing; director of Joseph Nathan, Ltd.) in th© course of an interview with a Daily News reporter yeeterday. Mr. Nathan quoted the following cablegram dated June 6 from the firm’s! London house: —“Substantial break in. prices of New Zealand cheese imminent owing to wide margins of values Canada ian cheese. New Zealand white 1225, colored 116 S to 120 s; Canadian colored on spot 100 s to 102 s; next week’s arrivals 98s. Demand for colored in tha north filled by American at 955, Canadian 100 s. Government New Zealand butter unchanged. Australian reduced J os. Danish irregular 200 s spot.” “You will see that there is a slump in cheese,” said Mr. Nathan. “Up till the next season opens in September or October it is quite impossible to predict what will be the better proposition. It must bo remembered, however, that cheese is very largely made in Canada and America. America is a strong competitor- and meets New Zealand in the English market, whilst on the other hand Canada and the United States purchase a certain quantity of New Zealand butter. “Owing to the big strike we cannot expect prices to be on anything like the same level as they were last year. Still I am an optimist, and I don’t look, as some people seem to be doing, to the collapse of our dairying industry. lam firmly convinced that it is well established and so long as the quality is kept up we will get a reasonable return for our manufactured articles. By reasonable I mean a price somewhere between the pre-war figure and the abnormal price realised at the opening of last season.” It was impossible, Mr. Nathan said, <o hazard a guess as to- the actual price per ib of butter fat which might rule next season. “We must wait,” he said, “until the strike is actually settled and the men are back to work—and that Will be long before next season opens- 1 see no cause to be afraid, however, that butter will realise an unpayable price— l taking land at a reasonable figure.’