GOOD RISE IN BUTTER.

Shannon News, 7 April 1922, Page 3

GOOD RISE IN BUTTER.

KEEN DEMAND AT HIGHER PRICES

“The rise in the price of New Zealand butter on the Home market to 195/ per cwt, which is equal to 1/6J per lb, f.o.b-., is very satisfactory at this time of year,” said Mr T. C. Erash, secretary of the National Dairy Association of - New Zealand, Ltd., when seen by a reporter yesterday. Questioned as to the cause of this sudden rise, Mr Brash said that summer was coming on in the Northern Hemisphere. “One has always to remember,” he said, “that more butter is being imported in Great Britain in the winter than in the summer, even including the Irish manufacture. This' is due to the fact that the big butter-producing countries are in the Southern Hemisphere, viz., Australia, New Zealand, and the Argentine, ’t is most unusual for a rise in price to take place at this time of the year, as in pre-war days from the end of March onwards there was always a downward tendency on the London market.”

Probably the best explanation for the rise in price, proceeded Mr Brash, was the fact that the price for New Zealand butter should never have gone as low as it did. The hearing effect of Imperial Government stocks, along with other agencies, created an entirely false position.

Mr Brash stated that he had that morning received the following cablegram from Mr Ellison, the association’s representative in London:— Butter market much steadier at 192/ for New Zealand, with 202/ to 215/ for Danish. Good

-demand for cheese; white 95/, coloured 98/.

The jump in the price of butter was certainly very surprising, proceeded the secretary of Dairy Association, as were the indications that it was expected to remain firm. Another dairy expert said that it was a significant fact that a large number of New Zealand factories were turning from cheese to butter. In fact, sixteen had already changed or were about to change, on the advice of importers at Home through their agents here.