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PRODUCE PRICES

BUTTER.

The market, after touching 122 s per ewt., made a steady advance throughout the month, the mean price on the 3rd May being 132 s per ewt.' Although the quotations above show 'a rise of 10‘s only, butter actually reached 136 s per cwt. just at the end of the month, mt this price wit’s ‘not maintained and latest advices are that finest is being freely offered ..again, ip London,,at, 1,30 s per cwt. It is, iiiteregtijig,to.pole ,that although New Zealand buttei;, made an advance of 16s, the Continental putters did not follow suit, the keeping their quotations.practically at the same level throughput, the montip (1 - . Messrs W. Weddel and Cp. Ltc], .cabled that, owing to heavy offerings from the Continent and particularly Denmark, the New Zealaiijfl prices could not be maintained. Tjh.e Danes continued to quote their butter at 128 s to f.o.b. Our principals. fjdvise us that the future,, will depend very much on climatic conditions in Europe,, which if favourable,, will adversely affect the future markets for New Zealand, blitter. At the moment, ~tlje( m,aj;kpt, is steady, chiefly pn. ac|cc>u^t r qf an Anticipated Canadian d.emand, ip, view.,bf the new duty. ~( |l, , .. ~

FORWARD BUYING.'

There was sbnie considerable interest shown by forward ' buyers' during; the month of April but’ no' ver/ quantity actually sold. Buyers were inter-, ested for both London and Canada at prices ranging from Is Id to Is lsd and we understand that one buyer had a small order at Is 2d nett f.o.b. In view of the rapid advance in London, factories generally were inclined to hold for higher prices, hut the forward demand has not continued and neither London nor Canadian buyers are shewing interest at the present time at over Is 1-id per lb.

CANADIAN TARIF.

It is a little eayly to predict what will be the effect of the increased duty of three cents on N.Z. business . with Canada. As Canadian production for some years, at least, will be insufficient io meet their requirements, we anticipate a continued demand for New Zealand butter, unless the United States of America put a prohibitive '-tariff on Canadian milk products, thereby forcing the Canadians to manufacture more butter. The general policy of increasing tariffs is one that must be detrimental to New Zealand’s interests. With Australia and the United States of America having high protective duties, now followed by an increase in the Canadian duty, the natural tendency will be for retail prices in these countries to be kept at a falsely high level, thus curtailing consumption.

CHEESE,

Cheese has shewn a remarkable recovery along with the butter but, at the moment, seems to have reached peak. Our latest advices are that the market is quieter. The statistical position of cheese in sound and we look for a steady market.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HOG19300514.2.63

Bibliographic details
Ngā taipitopito pukapuka

Hokitika Guardian, 14 May 1930, Page 8

Word count
Tapeke kupu
470

PRODUCE PRICES Hokitika Guardian, 14 May 1930, Page 8

PRODUCE PRICES Hokitika Guardian, 14 May 1930, Page 8

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