BUTTER AND CHEESE.

Shannon News, 30 September 1927, Page 3

BUTTER AND CHEESE.

PRICES LIKELY TO REMAIN FIRM. INQUIRIES FROM CANADA. AUCKLAND, Sept. 26. Several factors combine to indicate continued firm prices for New Zealand butter and cheese right up to the end of the year. Some overseas advices even forecast higher values. Despite the fact that orders are booked right up to March, Canada continues to make steady inquiries. A leading .Auckland exporter this morning was combing the district to fulfil a cabled order for early shipment. He stated that there was every prospect of Canada drawing heavily on this market till’ January at least. London cables over the week have reported a quiet market, .but nothing gives rise to the assumption that easier values can be looked for in the near future. Everything, in fact, poinfs the other way. One of the.brightest rays on the produce horizon was contained in a eable # received by an Auckland firm from* their overseas principals. It stated: “The drought in the Argentine continues; production is down 50 per cent.” With similar conditions prevailing in Australia, and that country not yet. exporting this season, New Zealand is left a wide field to work upon, and, though it is not desirable that prices should be forced up to such a height that ' consumption should suffer, there is no indication at present that values much lower than the present ones should rule for the res. of 1927 at least.