BUTTER MARKETS
OUTLOOK APPEARS GOOD. DANISH STABILISATION. London, June 9. With the consumptive demand well maintained, the British butter market continues to rule fiifm,, and prices about Is to 2s higher than they were a fortnight ago. The outlook appears to be good, as the weather, both here and on the Continent, remains dry. Denmark has now apparently reached its maximum production. Its exports are mostly coming here as German purchases are small. Greater efforts are being made to stabilise Danish prices. According to the newspaper "Smor Tidende," a fund of £2,000,000 has been established, half contributed by the co-opera-tive organisations and half by the butter contingency fund. The object is to relieve the market in unusually critical times. As any surplus is likely to influence the ordinary run of business, it is intended to place the surplus in cold storage and to dispose of it on the home market at the most favourable moment.
The manner of disposal has not yet been decided, but it is understood that the Government favours increased use of butter by public institutions.
Possibly operations under the scheme will be in a very moderate scale, but the existence of the fund is likely to have the desired effect of stopping the market fluctuations.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAIPO19340621.2.5
Bibliographic details
Waipa Post, Volume 48, Issue 3482, 21 June 1934, Page 2
Word Count
209BUTTER MARKETS Waipa Post, Volume 48, Issue 3482, 21 June 1934, Page 2
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.
Log in