CAUTIOUS ADVICE TO DAIRYMEN

Sun (Auckland), Volume I, Issue 166, 4 October 1927, Page 14

CAUTIOUS ADVICE TO DAIRYMEN

GOOD PRICES MAY NOT LAST MR. GOODFELLOW’S VIEWS A note of warning was struck by Mr. W:n. Goodfeliow, managing director of the New Zealand Co-operative Dairy Co., Ltd., in his current monthly circular to suppliers. Farmers, he stated, must not expect the present high prices to continue. At the present time, states the circular, the market for dairy produce was firm with the outlook for the coming season good. Owing to drought conditions in Argentine and Australia, a further advance in prices was probable. Canada was an additional buyer on the market endeavouring to cover requirements till March next.

The casein market had registered little activity during the month, but had continued firm due to an anticipated reduction in the Ai'gentine make. The market for “Anchor” milk powder was stable, but Holland was proving a strong competitor. London, however, continued to prove a strong buyer and on that market the New Zealand product held the premier position. In conclusion, the review states that owing to the abnormal conditions ruling in Canada, Argentine and Australia, the outlook for New Zealand dairymen this season was better than it had been for many years. When conditions in those countries became normal, however, undoubtedly a lower scale of prices would prevail.