THE BUTTER MARKET
The butter market, according to the latest cables is -still very uncertain, but it appears that shipments ex s.s. lonic are quitting at somewhere about , 200 s which is still a very fair price. There is no doubt that at a juncture such as the present bulls are particularly active, and it is quite possible that a slight rise of 2s or 3s may be experienced in a few days. The general opinion appears to be, however, that a further -drop may be expected by the end of November. A number of New Zealand papers attribute the decline in prices to the arrival of New Zealand butter. This is certainly not so. The sudden drop was caused by an exceptionally heavy supply of Danish butter caused through a sudden * and complete cessation of German buying. Danish prices were the first to drop and declined from 240 sto 218 s in less than a week and at one time Danish butter was quoted below New Zealand butter. It is quite possible, however, that the anticipated -shipments of New Zealand butter, which are to arrive in Great Britain from the end of this month onwards may exer cise a certain influence on the present Home market. • 1
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAIPO19241125.2.24
Bibliographic details
Waipa Post, Volume XXIV, Issue 1578, 25 November 1924, Page 4
Word Count
208THE BUTTER MARKET Waipa Post, Volume XXIV, Issue 1578, 25 November 1924, Page 4
Using This Item
NZME is the copyright owner for the Waipa Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.