DAIRY FARMERS BENEFIT
EXTRA PREMIUM 2/6 A CWT. EFFECT OF NEW EXCHANGE RATES. PAYMENT FOR EXPORTED BUTTER. WOULD MEAN £BOO,OOO IN SEASON. (By Wire —Special to News.) Auckland, Last Night. The new New Zealand rates of exchange on London announced to-day are of particular importance to the DoniinionW dairy and other primary producers. While the increased rates will almost certainly have the desired effect of decreasing imports they will mean a premium to the farmer. . Until to-day farmers were enjoying a premium of four shillings per cwt. on butter by the exchange, and it is estimated that the increased exchange rates announced to-day will add practically 2s Gd per cwt. to the London price ‘of butter, making a total premium through exchange of approximately 6s Gd. On previous rates it was estimated the primary producer would benefit to the extent of £475,000 in the current season. The present rise must mean a .substantial addition to that estimate. It is estimated the increased exchange operating over the whole period will brino- th.e premium to producers to approximately £BOO,OOO.
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Taranaki Daily News, 15 January 1931, Page 6
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177DAIRY FARMERS BENEFIT Taranaki Daily News, 15 January 1931, Page 6
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