Slump In Butter.

Thames Star, Volume LXIV, Issue 18972, 1 December 1933, Page 3

Slump In Butter.

REMEDIAL PLANS.

MOVE IN AUSTRALIA.

REGULATING SHIPMENTS.

(A. and N.Z. Cable).

SYDNEY, Nov. 31. The Australian Dairy Produce Export Board is to hold ; a special meeting on Tuesday in Melbourne to discuss means of checking the slump in butter .prices. As the current price of Australian butter in London represents a fall of £l3 to £ls a ton in 11 days, proposals will be submitted for the regulation of shipments. Also it is proposed that butter shall not be sold to London at the present prices. The board considers that as much butter could be sold to London at 80/- a cwt. as at 70/-, the latter being tlffi present quotation. However, the board does not seek to determine the .price above 80/a cwt. unless the market of its own free will goes beyond that level. ’ ,

The New Zealand Dairy Board is expected to co-operate. N.Z. DAIRY PRODUCE. LATEST LONDON PRICES. --New Zealand finest butter is now quoted at 73/- to 74/- a cwt. on the London market, a recovery from 70/- to 72/- previously quoted this week.

Messrs. A. H. Turnbull and Co., Ltd,, have received the following cable from their principals, Messrs. W. Weddel and Co., Ltd., dated London, November 29: — Butter—Danish, 112/-; New Zealand salted, 72/- to 74/-; Australian, 69/- to 72/-. Cheese. —-New Zealand, white 49/to 50/-, coloured 46/- to 47/-. M. 0. Stewart has received the following cable from Messrs. R. and W. Davidson, Ltd., Glasgow New Zealand salted butter, 71/to 72/- (B.old per lb) ; unsalted, 106/- to 110/- (12.52 d per lb). Market easier.

Cheese: White, 49/- (5.24 d per lb) ; coloured, 47/- to 48/- (5.04 d per lb). Market steady. Advances Reduced. From December 1 advances have been reduced 7d for butter and 4d for cheese. MARKET IN JAMAICA. KONINI COMPANY’S SALE. (By Telegraph —Press Association). PAHIATUA, Dec. 1. The Konini Dairy Company has sold a large consignment''of butter for Jamaica at considerably above London parity. The company sent several shipments there last year.