STABILISING EGG MARKET

Taranaki Daily News, 1 September 1933, Page 7

STABILISING EGG MARKET

DOMINION COMMITTEE FORMED. ORGANISED EXPORT TRADE. By Telegraph—Press Association. Auckland, Aug. 31. With the object of placing the export trade on a better basis and stabilising the local market, a central egg export committee, with branches in the four centres, has been formed. The first shipment of 12,000. eggs was dispatched yesterday by the Mataroa from Auckland. The chairman of the Auckland branch, Mr. A. C. Norden, said all the Auckland egg exporters were pledged to ship a minimum of 15 per cent, of the eggs they received. In the event of a producer withdrawing supplies from any individual member the other signatories of the agreement were bound not to handle that producer’s eggs. For the first time individual firms were grading on their own premises under Government supervision. Regarding local prices, Mr. Norden said that if the wholesale price, which was now lid, rose to a shilling the whole question of export would be reviewed. Since August 14 the firms comprising the committee had been advancing on the basis of 7d per dozen for 15 per cent, of the eggs supplied for export,iso all the producers were on the same basis. The local market had already been | stabilised and later it was intended to expand the work of the committee by ensuring the sale of graded eggs according to grade.