BUTTER AND CHEESE.
market prospects. The week-end cable messages from London stated that there were some misgivings regarding the future of hufcter, and many traders anticipate a downward movement, as the weather conditions are favourable for a European output (states the Wanganui Hera Id’s Wellington correspondent), there is no doubt that the immediate -uture of the butter market depends upon the current season’s output of butter in the Northern Hemisphere Last year showed a substantial increase over 1921, which was a year of low European production. The price of butter ha s been very attractive for the past two or three years, affording a natural incentive to the dairymen of Europe to increase production to the utmost, and no doubt in many of the smaller producing countries of Europe, margarine is being consumed and every ounce of butter exported. Russia is the ?’reat factor in the situation, and if supplies in quantity come from Russia, in addition to the expected increase from the Continent, prices must lie scaled down
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Hawera Star, Volume XLVIII, 16 June 1924, Page 6
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169BUTTER AND CHEESE. Hawera Star, Volume XLVIII, 16 June 1924, Page 6
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