BUTTER BUYERS ACTIVE

Hokitika Guardian, 7 May 1931, Page 2

BUTTER BUYERS ACTIVE

SALES IN TARANAKI. i There has been considerable activity in the butter market in Taranaki for the last few weeks (says a New Plymouth exchange). Numerous offers o12;d have been made in the province, ancl in the South a number have been accepted. Three firms apparently are taking an optimistic view. They are operating in a large way, and there is a good deal more activity than for some time. The price offered is in excess of market rates at present, but the London buyers have information that is not readily available in -.New Zealand. The influence of European production on the future price is considerable. If the Continent has a good spring and, there is large production, the' market may weaken, in which case the buyers may lose fairly heavily on their transactions. On the other hand, the northern spring may not be good, which would probably give the firms operating a satisfactory margin.

Though North Taranaki companies have not accepted a great many offers, a fair proportion of sales lias been made in the southern part of the province. The prices, mostly in excess of 1/-. have been tempting, especially as fairly large quantities of butter are being taken by the buyers. Other firms apart from the three mentioned are having, hut only cautiously. No offers are being made for cheese.