DAIRY PRICES

Bay of Plenty Beacon, Volume 1, Issue 72, 9 October 1939, Page 8

DAIRY PRICES

SAME AS LAST YEAR MINISTER'S ANNOUNCEMENT The Minister, of Marketing, the Hoii W. Nash, announced on Thursday! that the prices at Avhich the Government Avculd purchase butter and cheese manufactured during the 19$)-40 season and expoitcd would be the same as tlio.se paid for the 1938-39 season. These ayere: Butter (Basic price) 14.89 d a lb. Cheese: (Basic price) 8,12 d a lb. Local prices of butter and cheese would be maintained ar a level that would enable dairy companies to obtain a return commensurate Avith the return from export prices says a Press Association message iflrom Wellington . It Avas estimated that on the basis of the present cost of manufacture and under normal manufacturing conditions, pay-outs to suppliers Avould be as follows: Butter manufacturing companies: 15.8<8d a lb of butterflat. Cheese manufacturing companies: 17.88 d a lb of butterfat. The Minister added that these prices "for the 1938-39 season had enabled dairy companies to make payouts to producers on an average of 16*4x1 a lb for butterflat for butter, and 18d a lb for butterfat for cheese Fears had been expressed regarding the effect of the present emergency on the a Availability of shipping and on manufacturing costs, said the Minister. It Avas impossifjle to '"bresee these CA*entualities, but th? GoAcrnmcnt realised that it must nrotect the producer should nnv undue hold-up of shipping occur, or any undue costs. The prices to be paid Avould be f.0.b., ocean steamer and were based on normal conditions of manufacture, storage and transport. The GoA'crnment avouM consider the basis of payment if any abnormal hold-up In shipping occurred bringing Avith it any difficulty in arranging finance, Mr Nash concluded by saying the | GoA-ernment had received main* assurances of support rom all classes o? the community, and felt certain that all dairy farmers aa t ouUl co-op-erate to their fullest extent, iiv pro- ' ducing the maximum ctuantitv of butter and cheese Avhieh seasonal conditions Avould alloAA r . ' 1