BUTTER PRICES

Hokitika Guardian, 13 December 1932, Page 8

BUTTER PRICES

OUTLOOK IN LONDON

LONDON, November 1. Those most interested in-the price of but'tdb Hold riufvery littl'e'hope'of ! im;prove)nelits. in tlie near future. Pros,pectivo ' ! supplies”from 'the 1 Dominions , seern to have been the cause cf the rapid decline in price. Australia’s prospective supply is 30 per cent more than : last year, and New Zealand’® prospective supply is-20 per-cent, mare' than last year, and this heavy increase wdH • rtibre tha'n “bffsdt the decrease that is likely to be caused in foreign supplies' by reason' of the’ du- ! tics s • ’■ ; “ M ; "

b;'®Veri !, if ri'MVdught occurs in Australia M'ri J r rilriHi’ar.V ) the supplies frmnvthat couritrjrHVill beTcdriSiSteftt and 'unprecedented, up to Febbiufry, but the s'ntimorital' effect on the market would be imiriediate. In that direction seems to , lie tilie only hope of an improvement in price®;

From tlie point of view of absorption tlie margarine index does not read happily. The Is margarine trade lias long, since gone ; tlie lOd trade followed. - NbW the’ Brl margarine trade is l>eing Wiped out, and only the 6d trade is at all !healthy. Froiri this it would appear that butter consumption is a!-’ most at saturation point!. .’Assuredly the outlook is bad., *