BUTTER MARKET
A MARKED IMPROVEMENT. BIG CONTINENTAL DEMAND. (United Press Association.—By Electric Telegraph.—Copyright.) (Received this day at 10.15 a.in.) LONDON, February 21. The butter market has shown a marked improvement during the past fortnight, and prices for Australian and New Zealand hardened by eight to ten shillings, the main cause for the advance being the heavy Continental demand. Production on the Continent is now at its lowest, and as consumption there [has increased recently, European countries have been compelled to buy heavily, not only Danish, but New Zealand, Australian and Argentine. Since the import restrictions were imposed in France, prices there have risen so high that permission has been given to increase the amount which may be imported this quarter, from 12,000 tons to 24,000. As the favourable rate of exchange counterbalances the import duties, the Continental demand may be expected to continue.
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Hokitika Guardian, 22 February 1932, Page 6
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143BUTTER MARKET Hokitika Guardian, 22 February 1932, Page 6
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