EXPORT OF PIGS

Wanganui Chronicle, Volume 76, Issue 106, 8 May 1933, Page 10

EXPORT OF PIGS

QUOTED MARKET RATES WHAT THE FIGURES MEAN. “The quoted market rates in the United Kingdom for New Zealand frozen pigs may be very misleading to producers who are not fully conversant of the position,’* said Mr. W. A. Phillips, chairman of directors of the New Zealand Co-operative Pig Marketing Association, Limited, in an interview tho other day. “It is the custom in the frozen meat trade to quote rates on the basis of ex store Smithfield, but many producers do not know tho costs involved in placing pigs, or other meat, to that point. The position is made tho more difficult, when one reads the published quotations in our local newspapers of buyers who purchase pigs for export from New Zealand. For instance, a few days ago, Auckland export ratp« were quoted as:—•

Up to 801 b 4Ad per lb. 81 to 1001 b 4|d per lb. 100 to 1201 b 4d per lb. 121 to 1501 b 4}d per lb. Exportable choppers . 2d per lb.

“Actually, the best “spot” quotations at the time, in London, for New Zealand frozen pigs, plus exchange at 25 per cent., ivere:—

Up to 801 b 6.4 d per 11*. 81 to 1001 b. ~ .. .. 6d per ]b. 101 to 1201 b 5. fid per lb. 121 to 1501 b 6.2 d per lb. Choppers 3.75 d per lb.

“The costs of handling pigs to place them on Smithfield market, including killing, dressing, freezing, packing, placing on ship, insurance, shipping, freight, selling commission and Meat Board levy Es 2.124 d per lb. Tabulated, the position therefore, is:—

“Costs of handling to works in New Zealand, including the loss on rejected and condemned pigb are not taken into account, but these arc a further charge on exportable pigs, and probably may be assessed at over U 1 per lb. on the nett carcase weight. “Although these calculations and comparisons arc based on values ruling as at April 14, to those who are interested in, or selling to export concerns, it will suflice to give them a fair idea of tho relative values of pigs in New Zealand if they will add to the Meat Board quotations appearing in the Press each week 25 per cent, .to cover exchange, and to arrive at the nett “spot’* values, deduct from these gross realisations 2.6 d to cover all charges

from country railway station New Zealand, to ex store Smithfield. To arrive at the comparative c.i.f. value, one should deduct 2.3 d from tho gross realisations instead of 2.6 as in the case of ‘spot’ values. ’’

3? <G _c O Ti ‘ 1 o « p o VJ be « c5 o 3 jz «& O 3 c.O c cC tn W cd w W 8. Wg o IM1 — ?, K U S ZW Q Up to 80 6.4d 4.276d did .224(1 short 81 to 100 6d 3.876d 4 Id .374d short 101 to 120 5.6d 2.476(1 4d .524d short 121 to 150 6.2d 4.076d 3$d .326d over Choppers 3.75d 1.626d 2d •b74d short