DOMINION LAMB
Small Shipment Tops The London Market PREMIUM OVER AUSTRALIAN Early New Zealand lamb discharged in London at the end of last week from the steamer Hertford, easily topped the market. The consignment was a small one, and sold at 9£d a lb. compared with the ruling rate of 8d a lb. for Australian and 7id for Argentine, according to a report received by the New Zealand Meat Producers' Board. The market is strong owing to a shortage of supplies. Stocks held over in. storage from last season have been exhausted, nnd there is not enough offering to meet the demand. It is anticipated that the large consignment due now in London by the Karamea will sell well. Exporters say that they needed a good return in London to cover the high price paid to the New Zealand farmer and the cost of shipping. The opening schedule of prices paid here by export bnyers ranged up to 9|d for first quality. The exporters, however, benefit by the 25 per cent exchange premium.
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Hawke's Bay Herald-Tribune, Volume 81, Issue 76, 22 December 1937, Page 13
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173DOMINION LAMB Hawke's Bay Herald-Tribune, Volume 81, Issue 76, 22 December 1937, Page 13
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