‘HARD SELLING NEEDED’
(New Zealand Press Association)
WELLINGTON, March 11.
The Minister of Overseas Trade (Mr Marshall) said last night that it would need hard selling to keep the price of butter on the London market at 303 s a hundredweight.
He said he could see no sign of the price rising. The present price, with a loss of 9s on each hundredweight, is costing New Zealand more than £104,000 a week.
Mr Marshall said he thought the present price of butter on
the London market would hold for a long time. Mr Marshall said the New Zealand negotiators in London had done a good job in persuading Britain to reduce the supplementary quota from the originally-proposed 30,000 tons to 5500 tons. He did not think Britain was likely to take up its option to import an extra 5000 tons.
The present quota and the stocks in London cool stores would be adequate, he said.
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Press, Volume CV, Issue 31007, 12 March 1966, Page 3
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155‘HARD SELLING NEEDED’ Press, Volume CV, Issue 31007, 12 March 1966, Page 3
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