N.Z. BUTTER TRADE

Hokitika Guardian, 25 March 1927, Page 3

N.Z. BUTTER TRADE

an improving situation. [Australia & N.Z. Cable Association.] (Received this day at 9.30 a.m.) LONDON, March 24. Ah- Irons (Chairman of the New Zealand Dairy Producers Board) states since the abolition of price fixation, substantial progress lias been made in regaining the goodwill ot a large section of the trade that tor three mouths had been excluded by the price fixation, from their normal participation in the Now Zealand trade. “I’m convinced a great majority of all branches of the trade are doing their utmost to assist the New Zeliland producer over a very difficult position, caused by the unfortunate past policy. The accumulation of stocks at this end has in less than a fortnight been reduced by nearly one hall, sales in this period exceeding the totc.il sales toi January and February. Prices, of course, had to fall blit already normal conditions have brought about some recovery and in view of the anticipated greatly increased domestic and European production, it is fortunate that although wo have completely lost more than two months consumption on a relatively good market, we are now getting New Zealand produce back into the market even '-it somewhat disappointing prices. If the boycott bail continued, the New Zealand dairy industry was faced with an inevitable and complete disast< ■■