THE BUTTER MARKET

Rotorua Morning Post, Volume 2, Issue 383, 18 November 1932, Page 7

THE BUTTER MARKET

CONTINENTAL QUOTAS. REVISED GERMAN LIMITS. Details of the revised quotas for butter imported into Germany, which came into operation yesterday, sh'ow that imports will be rstricted to 55,000 tons a year, of which Denmark's quota is 17,186 tons. The quantities allotted to New Zealand and Australia are unimportant, New Zealand's share being 240 tons and Australia's 600 tons. At the time the adviee was despatched from England, about the end of September, Denmark, Holland and Finland were negotiating with Germany for increased quotas, and the feeling then was that imports would be allowed on a much greater scale, the expectation being that Denmark alone would supply Germany with 50,000 tons for the year. The quota as arranged will have caused disappointment to the exporters of butter eoncerned, but the increase will at least alford some relief to the British markets, as that quantity of butter will not compete there According to advices from the An-glo-Continental Produce Company, Limited, dated London, September 28, Russia was flooding the London market with butter with a view to marketing supplies before the duty of 15s a cwt. came into force. Arrivals of Siberian butter in September had reached 73,000 caslcs, compared with 42,000 casks for the whole of September last year. France, Belgium, Switzerland, and Yugoslavia were short of butter, and the industrial sections of these countries were pressing. their Governments to increase the import quotas.