BUTTER POSITION

Dominion, Volume 13, Issue 98, 20 January 1920, Page 7

BUTTER POSITION

♦ PRICES ON ENGLISH MARKET INCREASE FOR NEW ZEALAND PREDICTED (By Telegraph-Press Association-Copyright London, January 15. Nothing has been settled with the Food Controller regarding future contracts with New Zealand for butler. The High Commissioner (Sir Thomas Mackenzie), in an interview, stated that the butter situation is exceedingly firm. In view of the Home butter-making being freed from control, and the Controller's recently expressed opinion that butter should not .exceed Is. lid. per pound, while the fanners have suggested that the maximum should 1» Cs.. the opinion is held Hint prices are likely to run anything between tis. (id. and ss. There is a great demand for good butter, and New Zealand's reputation should command a good price for her produce. As there has been a reduction in (lie cattle of the European countries amounting to millions, it will lake years to restore normal production there. Even if the Controller does not make a reasonable offer for next season's butter, New Zealand produce would be on «ife ground because of the open market. It is expected that the shipping situation

will I hen be easier. Producers may expect a considerable increase on the prico obtained under the existing contract.— Aus.-N'.Z. Cable Assn. I'iiICES FLVEt) IN SYDNEY. Sydney, January 19. . BuUor prices have been lixed as .follow: First giadj, 1775. Id.: second, grado, 1725. Sd.,- third grade, ItiSs. per cwt.I'rcss Assn.