BUTTER BUYERS ACTIVE

Taranaki Daily News, 28 April 1931, Page 6

BUTTER BUYERS ACTIVE

OFFERS UP TO 12 18D LB. THREE firms doing business. many SALES IN SOUTH TARANAKI. There has been considerable activity in the butter market in Taranaki for the last few weeks. Numerous offers of 12 l-8d have been made In the province and in the south a number have been accepted. Three firms apparently arc- taking an optimistic view. They are operating in a largo way and there is a good deal more activity than for some time. The price offered is in excess of market rates at present but the London buyers have information that is not readily available in New Zealand. The influence of European production on the future price is considerable. If the continent has a good spring ami there is large production the market may weaken, in which case the buyers may lose fairly heavily on their transactions. On the other hand, the northern spring may not be good, which would probably give the firms operating a satisfactory margin. ~ . , Though North Taranaki companies have not accepted a great many offers a fair proportion of sales has been made m the southern part of the province. The prices, mostly in excess of Is, have been tempting especially as fairly large quantities of butter are being taken by the buyers. Other firms apart from the three mentioned are buying but ohly cautiously. - No offers are being made for cheese.