PRICE OF BUTTER

Hokitika Guardian, 25 August 1932, Page 5

PRICE OF BUTTER

A SLIGHT INCREASE LIKELY'.

LARGER BRITISH CONSUMPTION

(Australian Press Association.)

SYDNEY, August 24,

Speaking at the Australasian Science Congress 'to-day, 'Mr F. B. Stephens, of New Zealand, ' said that the potential supplies of butter in the near future were much greater thah. the recent supplies of tha commodity, and, even assuming that there Would be a rise in the price level, it seemed improbable that butter pficea''would rise in a degree comparable with the rise in general prices. . A ’ ..

Limiting" fatrißrs*'to this b&nclusicn, however, were either an increased consumption 1 of butter in Britain, or new markets elsewhere. It would appear, he said, that the point" of consumptive satiety in Britain had been reached.' Unless Germany, which 1 was the only 1 other really gbod market,- reduced her prohibitive tariff, there was practically no lafgb Eiiropdan-otVbldt'for Neither wits’there 'touch likelihood of subsantial markets for dairy produce in, the East for ,ft considerable time,

-Mr Stephens expressed tho opinion, that larger quantities of butter were likely to be consumed in Britain during the next few years, but that would only be at a- substantial ‘ reduction in the price. ,