DAIRY PRODUCE.

Hokitika Guardian, 27 March 1923, Page 4

DAIRY PRODUCE.

LONDON HE PORTS SLUMP IX butter. I.OX RON, March 22. Bulter values have fa Hen heavily, the high retail prices having seriously reduced consumption both here and on the Continent. A further eause is that France aiul Holland are producing sufficient for their own rcquitemcnts. so that more Danish is being sent to Britain. Danish is quoted at IUGs, New Zealand elioieest 102 sto l'.Ms, exceptionally good lots. IDfis and nnsalted 20ns; Australian ISA to ]BSs. unsalted RMs to 100 s, It is expected that the demand will improve at a lower range of prices. RECENT tOUUSE OF PRICES. Tlie course of New Zealand and Danish huttor prices in the last three weeks has been, as follows: X.Z. Danish. Pel- cu t. Per cv, t. March 2d ... RM) to 102 100 .March 20 ... RH .March 17 ... 201 to 208 212 to 21 1 March 10 ... 205 to 210 210 to 210 March •’> ... 20S to 212 221 p'.'l, o | ... 210 to 21J 218 to 220 j; ... 100 to 200 210 to 212 DROP IX RUTTER NOT UNEXPECTED. j “T| lo position is mil abnormal.” deI dared a C brislcluircli lil.v business man in discussing the drop in the pri: ? of butter <s ll the London market. The only surprising thine; about it is that i!;e drop did not collie sooner. We lir,vo been expecting it for some time.” There were three factors, lie said, mahini: lor Ihe drop in p,rices. In the lii-st place the ai rivals ol New Xva- ; land butter had been usually heavy. comprising the llash el our season s ; supplies; the prices br.d been ruling at j a high Ic'd, and the period of the !vc r w;is no", at hand when northern I In-nr-pln re siij;; lies would become available. An inevitable effect ol the blip! values was tu r.'duce the demand. Thai always crcurod wlien prices had reached a certain standard. The slackening in the dcinand, combined with the heavy stocks hold, would (ertainly send ] rices i n the downward curio, j “f think the bottom lias just about j been readied. ’ he said, "ami prices are unlikely to pi much lower. Ihe drop in the price tends to correct the position mi far as the demand is ronlierned. and. with r. revival in the doj maud the;'" i- a ivi uni t > better l prices." So far as New X. aland was ! concerned, lie said, pi iocs were nut