BUTTERFAT PRICES.

Shannon News, 20 January 1925, Page 3

BUTTERFAT PRICES.

ADVANCES FOR THE MONTH.

Tiie secretory of the . Devin Dairy Co., in conversation with a “Chronicle” representative this morning, stated that toe season to date had been an excellent one, the output of butter being just over 50 tons more than for the corresponding period of last year. Unfortunately prices had dropped very considerably, and whilst a decline was expected when toe supplies from the Southern Hemisphere reached England, this had unfortunately occurred much earlier this season than was usual. From toe figures available, he. stated, there was every probability that no great improvement would take place in prices for some time to come. A million and a half boxes of butter were in store in England and in sight, whilst production in both Australia and the Argentine were above toe average. Jammy and February were usually looked upon as the best months in which to put butter on the English market. *«, the Home production was then at its lowest ebb. This being so the present decline was the more noticeable. The navout for the Dec.-Jan. period would be Is 4d per lb of butterfat, as against Is 7d for toe same period of last year. Some of the other payments for the month in this district are as fel ow:New Zealand Farmers’ Dairy Union is 2d; Wihakaronga Dairy Co., is 4d and Is 5d,; Awahuri Dairy Co., Is 3d: Palmerston North Dairy Co., Is 3d; Kairanga Dairy Co., Is 3£d; Newnury Dairy Co., is sd.