BUTTER UP A PENNY
INCREASE FROM TODAY PARITY WITH LONDON From today, until further notice, housewives will be called upon to pay a penny a pound more for butter of both first and second grades. • Auckland distributors, in making the increase, state that for some time the local price has lagged behind the rate on the London market, which determines the retail rate out here. The new prices will be as follow: First grade, Is 7ld wholesale, Is 9d retail; second grade, Is s£d wholesale, Is 7d retail. Explaining the increase, a local distributor said there had lately been solid forward buying for the London market at Is s|d for September make. For some time past the local price had been about Id behind the London parity, and the strength of the English market, although it had shown little alteration in the past week or so, warranted an increase. In a circular to customers, one Auckland firm states that owing to the small percentage of second grade butter at present being manufactured it will be able to supply only a maximum of one-half of the total of each order for second grade.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290916.2.86
Bibliographic details
Sun (Auckland), Volume III, Issue 769, 16 September 1929, Page 10
Word Count
192BUTTER UP A PENNY Sun (Auckland), Volume III, Issue 769, 16 September 1929, Page 10
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