BUTTER MARKET
WEAKENING TENDENCY London, Oct. 29. Although the stocks of butter in cold store were materially reduced in the first fortnight in October, they now amount to 795,000 boxes, against 965,000 a month earlier. The market has been dull with prices easier. This probably is due to the statistical position, for the total afloat to the United Kingdom from Australia, New Zealand and Argentina amounts to 846,880 boxes, compared with -817,370 a year ago. A reduction in the price of Danish also tended to weaken the market. This reduction apparently is due to the diminution in the amount purchased by Germany. It is also possible that the consumptive demand here has been affected by many retailers raising the price of Australian and New Zealand to Is Id per lb. Consumers resent paying the extra penny, and some preferred to give ls 2d for Danish. Next week the retail price will be | brought down to ls in the hope of stimulating demand.
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Rotorua Morning Post, Volume 3, Issue 676, 31 October 1933, Page 6
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162BUTTER MARKET Rotorua Morning Post, Volume 3, Issue 676, 31 October 1933, Page 6
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