THE BUTTER MARKET.

Shannon News, 19 April 1927, Page 3

THE BUTTER MARKET.

NEW ZEALAND STILL LOW. MERCHANTS BOOST OTHER MAKES LONDON, April 9. • The position of the butter market shows little change. There is ■&■ good consumptive demand tnd the prices for Australian and New, Zealand are maintained at 150 s to ,1545. An extraordinary feature of the trade :s the enormous disparity between price of the Danish, which has hardened to about 184 s, and New Zealand butter. The difference between Danish and New Zealand in the pre-war days used to be about 4s to 6s per cwt. Traders generally attribute this position to the unpopularity of the New Zealand' control methods, but one of them points out that it is also partly due to Denmark having recently instituted date stamping on its casks. It* was at first thought that stamping would tend to lower the price of Danish, but so far it has had the opposite effect, for Danish, having to be sold im?nediately on account of the date &tamp, has been put on the cdunter in the freshest'condition possible, with the result that the demand, has become bigger than it,ever had been before. Other butJter which is free from control;, is also bringing abnormally high prices compared with those for New Zealand, notably Argentine 156 s to 158 s, Finnish 17Gs to 1795, while even Siberian is making 150 s to 1525.