BUTTER SHORTAGE IN ENGLAND.

Shannon News, 28 March 1922, Page 3

BUTTER SHORTAGE IN ENGLAND.

ANXIETY ON LONDON MARKET

LATEST QUOTATION FOR N.Z. 180/

London, March 25

Shortage of butter supplies is ..causing anxiety on the London market. An importer says that the arri\ r als oi the steamers Surrey and. Moreton Bay, with 5?,0U0 boxes ol Australian and me Malfffna with 13,000/boxes of New Zealand butter, will have little effect in' remedying the shortage, as a large proportion of the consignments has been booked-en route, and little oi the

remainder, is expected to come on the open market. Two steamers from New Zealand are due in the next lew days, but .6n tlie other hand the absence of shipments from Australia for ■ the next month, owing, inter alia, to alloca-,-lions ior uiut, is likely to aggravate the situation, though supplies will be arriving from Ireland and possibly from France. Official prices lor. Australian and New Zealand butter at noun to-day were- respectively 170/ and 180/ per cwt wholesale, which is a further ail-round increase. " \

SHORTAGE OF CONTINENTAL SUPPLIES.

InterwieAved by a Wellington Times representative Avitlr regard to the cabled shortage oi butter in London, a local authority said: It is what I have been telling the farmers would happen ior six months past. All the European supplies oi butter have been stopped and when you come to consider that Siberia in 1914 supplied 40,000 tons ri butter but this year has sent none, and that the Danish supply which a lew years ago was 90,000 tons, is now cut down by one-third and that a lot-

01 it. goes'to Germany and France, the shortage is not very hard to account lor. In oilier words, Great Britain a! present and until the productive power ol Europe, is restored, is, and must, be, more dependent upon New Zealand and Australia for butter tliau ever.- ' Dr C. J. Realms, Director of Agrieallure, also consulted, said: “Ad-

vices expected to-morrow may give a ii ■ ore clear insight into this sudden big jump in value,which is excellent uws for butter producers, and, although it- must be expected that the market will soon steady itself, it will piobably settle dotvn on a basis well ;F ove that ruling"of late.”