RISING BUTTER PRICES

Timaru Herald, Volume CXXXVIII, Issue 19943, 30 October 1934, Page 4

RISING BUTTER PRICES

MARKET RECOVERS IN LONDON United Press Association—By Electric Telegraph—Copyright LONDON, October 27. The butter market is showing signs of improvement in prices, Australian and New Zealand having advanced 3/- to 4/-, while Danish jumped 10/-. This recovery is partly due to the announcement that the Australian Dairy Board is restricting exports and to the expectation that New Zealand will follow Australia’s example shortly. The rise in Danish is due to heavy buying by Germany. It strikes most people as extraordinary that the price of Danish butter here should be 50/- a cwt higher than Australian or New Zealand. This is largely due to the fact that, owing to German demand, Denmark is now seiding less here than usual. There are a certain number of consumers here who infeist on having Danish. Their requirements are estimated at about 2000 tons weekly. This week’s shipments have fallen considerably below this amount and consequently the price has gone up. Danish butter is now selling retail at 6d a lb above New' Zealand and Australian, which seems* absurd when qualities are compared, for experts generally agree that the best Dominion butter is quite as good as Danish.