DAIRY PRODUCE EXPORTS

Taranaki Daily News, 21 October 1933, Page 12

DAIRY PRODUCE EXPORTS

LIMITING FORWARD SALES NEW ZEALAND AGREEMENT. REPORT FROM AUSTRALIA. An agreement with New Zealand in regard to export butter sales is reported by the Melbourne Argus. It states that recently export butter agents in Melbourne, when negotiating with London buyers on f.o.b. and c.i.f. and e. terms, were informed by buyers that New Zealand butter for forward shipment could be purchased at lower prices than that quoted for Australian butter. This position has been reported to the Australian Dairy Produce Export Board, which has communicated with the New Zealand Dairy Board with a view to co-ordination in the marketing of butter by the two countries on f.o.b. and c.i.f. and e. terms. It is now learned that the New Zealand Dairy Board has decided to limit the period ahead, in which sales of butter for export on fo.b. and c.i.f. and e. terms may be made to London on the same scale as in Australia. A request has been made for a copy of the regulations of the Australian Dairy Board, which apply to export sales, with a view to their adoption in New Zealand. Minimum export prices for butter in Australia are determined by the Australian Dairy Board weekly, and f.o.b. and c.i.f. and e. sales may be made for delivery not later than a fortnight from the declaration of the prices by the board. This restriction was applied to check shippers “bearing” the London market by offering butter at substantial concessions in the distant positions. The chairman of the New Zealand Dairy Board, Mr. W. A. lorns, will visit Australia shortly, and will confer with the Australian Dairy Produce Board in Melbourne on November 8, when this question, the storage of Australian butter on arrival at London, and other matters will be discussed. “MATTER STILL IN THE AIR,” COMMENT BY BOARD’S CHAIRMAN. Mr, W, A. lorns, chairman of the New Zealand Dairy Board, when the question was referred to him on Friday, said that nothing had been decided yet in regard to the Australian proposals, and the whole thing was stiff “in the air.” A reply had been received from the Importers’ Association in Tooley Street which showed unanimity of opinion that it was desirable to put dairy produce on a better marketing basis than that prevailing to-day. Further suggestions of the Importers’ Association would be considered at the Dairy Board’s meeting on October 25.