BEEF PRICES

Hokitika Guardian, 24 March 1925, Page 3

BEEF PRICES

NO PROSPECT OF REDUCTION. ALoTRALIA’S~GREAT TUNITY.AUSTRALIAN AND N.Z. CABLE ASSOCIATION .Received this day at 9 W> a.m ) LONDON, March 23. That no reduction in, the wholesale price of meat is likely for some time and that Argentine production has practically reached the limit of its expansion, and may even decrease, are two more interesting opinions formed by Mr Cramsij during investigations, oil behalf of Australian Meat Producers’ in South America, whence he ar-

rived. Mr Cramsie said the world demand was growing steadily and more meat was required. This, therefore, was Australia’s opportunity. Australia can afford to stock seven to ton million more head of cattle on her pastures, while Argentine on her best country has a beast to every 2J acres. In the Northern Territory of Australia there is one to 040 acres. Continuing, Mr Cramsie said:—‘‘After a thorough consideration of the whole chilled heel" industry, I am inclined to the belief that the shipment of chilled beef from Australia to England is not such a hopeless proposition. Researches of Rritish scientists have reached a point which promises ultimate success and when science onab c» beef to he sent access the world, did od instead of frozen, the prosperity of the Australian industry may ultimateapproximate that of the Argentine, i am satisfied that the Aust.al.a, meat industry’s present overhead expenses are reasonably low. limy cun be reduced further only hy a !-*«•’- volume of trade. Australia s l Cities in connection with expansion are illimitable, but inn ml for meat appears to be also liniitable. Therefore, 1 see no I.U hood of there being cheaper meat alSU H may bo puaaibla *° the cost of retail distribution.