BUTTER EXPORTS

Timaru Herald, Volume CXXXVIII, Issue 19953, 10 November 1934, Page 15

BUTTER EXPORTS

REGULATION IN AUSTRALIA The Australian Dairy Produce Board has decided to regulate exports of Australian butter to Britain from early this month. Shipments will be arranged to provide for continuous and uniform supplies reaching the British market. No definite date has been fixed for the operation of the regulations, but they will continue lyThe board has decided also to ar»range for regular shipments of butter direct to the outports of Britain. Mr R. McKellar has been appointed organiser for this scheme in Australia. The board will allow forward selling of butter to outports of Britain 14 to 28 days ahead, instead of only 14 days. There will be cheaper freights to Britain from October 1 following a conference with shipowners. The new rate will be 4/- a box, less 11 per cent., plus 18 per cent, exchange. Previously the rebate was 11 per cent. There must be a minimum of 60,000 tons for export. The rebate will be given at time of shipment to help producers. At a conference between the board, the Australian Dairy Council and the Dairy Produce Equalisation Committee it was resolved that the shipment of pastry butter was not in the best interests of the industry. A committee was appointed to investigate the position. Recent values of Australian butter on the London market have placed it on a similar level to that of New Zealand supplies for the first time since May. This is stated to be the one pleasing feature of a depressed market. A short time ago New Zealand butter was realising up to 4/- a cwt. more than Australian supplies.