BETTER DEMAND FOR BUTTER

Taranaki Daily News, 18 November 1930, Page 9

BETTER DEMAND FOR BUTTER

COOL STORE STOCKS REDUCED.

LARGE INCREASE IN IMPORTS.

By Telegraph—Press Assn. —Copyright

London, November 16. Although the butter trade at the moment is decidedly slow there has been a good demand for the past four weeks, stimulated greatly by the low retail prices. This has resulted in a considerable reduction' in cold-stored stocks, which are now estimated at about half what they were 14 weeks ago. Against this reduction must be put the large imports from Australia, New Zealand and Argentina and the.prospects of supplies from these sources being maintained on a large scale for pome, time to come. Imports during October from all countries amounted to 515,490 cwt., compared with 377,695 in October, 1929. It is interesting to note, as one leading firm of importers points out, that, although this October’s imports, exceed last October’s by 36.4 per cent., their total value was lower by 1.9 per cent—a striking illustration of the enormous fall in value.