THE BUTTER MARKET.

Manawatu Herald, Volume XLIII, Issue 2340, 11 October 1921, Page 3

THE BUTTER MARKET.

PRICE REDUCED IN SYDNEY

Sydney, Yesterday

Owing to the increasing output of of butter on tlie North Coast of New South Wales, the wholesale price of butter has dropped from 108 s to 158 s 8d per hundredweight.

LOCAL PRICES.

The Auckland Herald learns that while the wholesale prices in Auckland and Dunedin were the same, namely 2s a pound net for pats, in Wellington and Christchurch the prices were Id a pound less. “ reason for this latter position, it was stated, is that one Taranaki factory is attempting to establish a local connection upon the Wellington market, and its cut in priqe has been met by factories which for years have catered for the requirements of that, market. This factory has also bad its butter offered on the Christchurch market, resulting in old-established concerns in that centre also reducing the price to meet the competition. It only required similar action by a factory or factories in 'Auckland or in Dunedin to bring about lower prices in these two centres. The local market could not be monopolised by any one factory, and there were at least 50 factories in the Auckland province that would endeavour to secure a share of the local trade if convinced that it offered better value at. the present local price than that which was expected from London returns when the new season’s butter was marketed there about the middle of November.”