New Zealand Butter

Sun (Auckland), Volume I, Issue 215, 30 November 1927, Page 11

New Zealand Butter

AMERICA OFFERS MARKET Opinion of New York Dealers AMERICAN dairy produce dealers disagree with a statement hy the United States Department of Agriculture, that that country offers no good market for New Zealand and Australian butters at the present time. By Cable. — Press Association. — Copyright.

Received 9.5 a.m. NEW YORK, Tuesday. THE United States Department of Agriculture informed the Australian Press Association that the statistical position of butter throughout the country is such that the American market holds out no opportunities for Australian and New Zealand produce at the present time, although the United States is now entering on a low-production season. The storage holdings of butter are unusually heavy—l63,o37,ooolb on September 1, and 147,412,0001 b on October 1. The department pointed out that the prices for the best native grades have not been higher by the 12 per cent, tariff than the prices prevailing on foreign markets. New York butter prices on September 27 were between 49 cents for 93 point to 41 cents for 87 point. Local wholesale and importing houses, however, are inclined to disagree with the department. The former state that foreign importations to the local markets have recently been virtually non-existent, and Chicago houses state that little foreign butter has reached that city during the last three years. New York dealers express the belief that prices will remain steady or may possibly rise somewhat, indicating that a market could be made for fresh high point Australian and New Zealand butter packed in tubs. Chicago dealers point, out that some British Dominion butters which reached Chicago brought lower prices, because they were packed in boxes. New York butter merchants predicate their belief that the local market could absorb Australian and New Zealand butters. The chief reason is the taste which has been developed for such butters here, and they point out that British Dominion butters reaching New York, via London, in 1926 had a total value of £154,200, exceeding even Danish importations, which totalled £124,800. A. and N.Z.

DUMPING CLAUSE CANADIAN PRODUCERS 7 MOVE NEW ZEALAND DAIRY PRODUCE Reed. 11.52 a.m. OTTAWA, Tuesday. The National Dairy Council, supported by the Canadian Council of Agriculture, urged the Government to wipe out the Australian treaty, and apply the dumping clause to. New Zealand butter.—A. and N.Z.