N.Z. BUTTER EXPORT

Hawke's Bay Tribune, Volume XVII, 30 November 1927, Page 5

N.Z. BUTTER EXPORT

THE AMERICAN MARKET CONFLICTING OPINIONS. OPPORTUNITIES IN NEW YORK. [By Cable — Press Assn. — Copyright.) (Received 30, 8.35 a.m.) New York, Nov. 29. The United States Department of Agriculture states that the statistical position of butter throughout the country is such that the Amercan market holds out no opportunities for Australian or New Zealand produce at . the present time. Although the United States is now entering the low production season storage holdings of butter are unusually heavy, totalling 163,037,000 pounds on September 1 and 147,412,000 pounds on October I. The Department pointed out that the prices of the best native grades have not been higher by the 12 per cent, tariff than the prices prevailing in foreign markets. New York butter prices on September 27 were between 49 cents for 93 point to 41 cents for 87 point. The local wholesale and importing houses, however, are inclined to disagree with the Department. The former states that foreign importations to local markets have recently been virtually non-existent and Chicago houses state that little foreign butter has reached that city in the last three years. , New York dealers express the belief that prices will remain steady or niay possibly rise somewhat, indicating that a market could be made for fresh high point Australian and New Zealand butter packed in tubs. Chicago dealers point out that some of the British dominion butters which reached Chicago brought lower prices because they were packed in boxes. New York merchants predicate their belief that the local market will absorb Australian and New Zealand butters, chiefly on the taste which has been developed for such here, and point out that British dominion butters reaching New York via London in 1926 had a total value of 771,000 dollars, exceeding even the Danish importations, which totalled 624,000 dollars.—(A. and N.Z.)

POSITION IN CANADA. no need”for ALARM. The cable, received yesterday from Ottawa, stating that the dairy interests there were agitating for the restoration of a dumping duty against New Zealand butter, was submitted to Mr, Sykes, Canadian Trade Commissioner at Auckland. The Commissioner commenting on it said:—“Canada’s share in this buying was dictated by sheer necessity, and for that reason he thought it was inadvisable at this stage to take the reported agitation seriously. Canadian dairy producers, he pointed out, were like producers everywhere, and cherished a natural desire to keep their home market free of competition ; but the recent heavy demand for New Zealand butter removed the threatened danger from New Zealand’s point of view.” One factor Mr. Sykes mentioned was the fact that the trade agreement between Australia and Canada was extended to New Zealand, as for as such products as butter, cheese, meat and other perishable commodities were concerned. This allowed New Zealand butter to enter Canada under a duty of only one per cent, a lb., instead of six, and perhaps explained part of the uneasiness apparent among Canadian dairying interests. This misplaewd alarm showed the desirability of New Zealand’s concluding a separate trade agreement with 'Canada, along the lines advocated lately by progressive elements in the Auckland business community. AUSTRALIAN TREATY. (Received 30, 1.35 p.m.) Ottawa, Nov. 29. The National Dairy Council to-day. supported by the Canadian Council ot Agriculture, urged tfie Government to wipe out the Australian treaty and to apply the dumping clause to Now Zealand butter (A. and N.Z.)