THE BUTTER MARKET.
SHARP RISE IN VALUES,
(By Telegraph. Press Association.) WELLINGTON, Wednesday.
A fortnight ago the butter market was reported quiet, and choicest quality New Zealand butter ex s.s. Westmoreland was only making 186 s to 190 s, which was below its value compared with Danish butter, which was then firm at 202 s to 206 s per cwt This low price was attributed ch'.efly to holders of old New Zealand butter forcing the market lower w'.i a view to clearing stocks before large quantities arrived. A week later, in November 8, the butter market was reported as having greatly improved, the cold weather stimulating the demand, and good business was being done in New Zealand choicest salted at 190 s to 1925. or an advance of 2s to 4s. Now there is reported to be a further advance of 3s to 10s per cwt, which would make the prices 200 s to 2025, as compared with 214 s to 216 s a year ago. It is hard to say what is directly responsible for the latest sharp advance. The clearance of old stocks of New Zealand butter and the comparatively small supplies of new reason's make together with climatic conditions are probably affecting the market favourably. Taken all round the butter market has shown considerable strength notwithstanding the steady increase in supplies.
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Bibliographic details
Waipa Post, Volume XXIV, Issue 1427, 15 November 1923, Page 5
Word Count
224THE BUTTER MARKET. Waipa Post, Volume XXIV, Issue 1427, 15 November 1923, Page 5
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