DAIRYING.

Hauraki Plains Gazette, Volume XXXIV, Issue 4535, 5 March 1923, Page 3

DAIRYING.

NEW ZEALAND DAIRY COMPANY. By a small margin the amount ot money distributed on February,2o oy the N.Z. Co-operative Dairy Co., Ltd,, for the month of January was the largest monthly payment of 'this season, being £395,430 compared with £393,174 paid out for the month of December. This increase was due to the advance payment being increased by Id per pound all round, following upon the steady position of the Home market for dairy produce and also to the steady rate of production experienced this season. The butlter-fat supply for the month was 6,163,419 lbs., which shows an increase of 27 per cent over January of the previous season. It is admitted on all sides that the current season has been the most remarkable for growth ever experienced, and this is reflected in the fact that the dfon from the peak month of December is only 6 per cent, compared with a drop of 10% Per cent, the same time last year. As pastures are still green, thanks to the successful rains, most farmers have a superfluity of green feed.! The record nature of the season is likely to last well into the autumn.

In speaking to a confe'rence of suppliers’ committees held in Pukekohe Mr W. Claud Motion, chairman of diretcors, said that suppliers would be gratified to learn of the satisfactory position of the London markets, and of the steady rate of production this season. It was expected that the actual total would be between 21,000 and 22,000 tons of butter. The improved position in the market and the extra production were contributing largely to restore the prosperity of farmers. The directors had gone carefully into the position of the advance payments, and hoped to follow the policy of this as far as the market would allow in the autumn months. At the same time suppliers had to realise that a comparatively small portion of the seasons’ output had yet been sold, and there was a possibility of the London market declining in six or eight weeks? time when the summer production of the northern hemisphere began to make itsplf felt. The extent of the expected decline could not be gauged, and consequently the directors were faced with the necessity of continuing a cautious policy. A consigning policy, however, was the only means by which the producer could get' all there was in his product, and careful marketing such as was being effected by the establishment of London office of the company would ensure that the producer got the besjt returns for his labour.