DAIRY PRODUCE

Wairarapa Daily Times, 11 August 1936, Page 5

DAIRY PRODUCE

GUARANTEED FRIGES

BRITISH FARMERS’ MOVE.

Press Association Electric Telegraph—Conynghl (Received Tuesday, 9.55 a.m.) LONDON, Monday. Stressing the'need to protect British farmers against the dumping of surplus New Zealand dairy products, the National Farmers’ Union points out to the British Government that the guaranteed prices for New Zealand cheese and butter exceed the present London market prices, and the average of recent years. A REJOINDER. FAULTY ARGUMENT EXPOSED. WELLINGTON, Monday. When the British National Farmers’ Union protest to the British Government against the dumping of surplus New Zealand dairy produce in Britain (cabled this morning), was referred to the Primary Products Marketing Department, it was pointed out by the Department that the guaranteed purchase price of butter of 12 9-16 d, f.0.b., •was equal to a London price of 106 s Gd, and the London market price of butter to-day was 118 s, so that the guaranteed price could be said to be 11s 6d below the present London value. In the case of cheese, the guaranteed purchase price of 6 13-16 d f.o.b. was equal to a London price of 61s 3d. The London market price of cheese to-day was 645, so the guaranteed price for cheese was 2s 9d per cwt. lower than the present London market value. —(P.A.)