DAIRY PRODUCE.
LETTER FROM CANADA
POSITION GROWING EASIER,
The following is an extract from a letter from Canada; dated March 14, written by Mr. J. A. Ruddick, Dairy Commissioner for Canada (who was for some years Chief Dairy Commissioner for New Zealand), to a Wellington friend:— “There is no doubt but that the situation is getting somewhat easier in regard to dairy products. Of course, our market is influenced by the rate of exchange, on which there is still considerable loss to the Canadian exporter. The vagaries of the exchange situation have produced many
anomalies in the dairy trade; for instance, Danish butter is being sold in New York, where it is not nodded, because they have a surplus of their own, at a figure below the United States market. That, of course, is why it is brought in. Now. the Danes get more money for this butter than they can get in England, where the price is. higher than it in the United States. Removal of control at the end of this month will be one of the first definite steps towards securing a state of equilibrium in the international trade, but we shall not be out of the woods and know exactly %-Jjere we are until the exchang/ * situation becomes more normal.” 7
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Taranaki Daily News, 29 April 1921, Page 5
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215DAIRY PRODUCE. Taranaki Daily News, 29 April 1921, Page 5
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