MUTTON SALES
Lower Returns From Japan Last year Japanese buyers’ ideas of ewe mutton values were well below prices ruling at the end of the previous season, and it was some time before any business was done, says the annual report of the chairman of the Canterbury Frozen Meat Company (Mr L. D. Cotterill).
The year’s sales to Japan averaged about 3d per lb below closing prices the previous season.
High prices paid by the company for sheep and lambs could not be recovered on falling world markets, says the report, and this led to a substantial loss on the year’s trading.
The United Kingdom market, instead of being firm as predicted, eased part-way through the season. This was partly the result of a much earlier domestic kill, and partly because it seemed that South American chilled beef would become more plentiful, says the report. An expanding broiler chicken industry in the United Kingdom was also seen as a continued threat to the Dominion’s lamb and mutton industry.
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Press, Volume CV, Issue 30959, 15 January 1966, Page 17
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168MUTTON SALES Press, Volume CV, Issue 30959, 15 January 1966, Page 17
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