BUTTER EXPORT TRADE.

Taranaki Daily News, 11 September 1922, Page 4

BUTTER EXPORT TRADE.

DEMAND FROM AMERICA. RATE OF Is Sid PER POUND. An offer from America of Is BJd per 1-b for a large parcel of butter for delivery up to the second week in October has been received by the Cambridge Cooperative Dairy Company. Mr. M. Wells, chairman of.Wthe company, stated that as this butter'carried a very heavy duty in America the prospects of a gooi price in London appeared bright. Mr. Wells mentioned that all the Cambridge Company’s butter was now grading superfine, which was a record shared by only two other dairy -companies in New Zealand.. Referring to dried milk, Mr. Wells said the Cambridge company’s experience last season was unsatisfactory, owing to the depressed state of the market, the amount manufactured -being 300 tons, of which 200 tons was at present in Glasgow. unsold. However, there was now a glimmer of hope, as inquiry had -been received from Germany. The new’ dairying season had opened most promisingly in the Waikato, stated Mr. Wells, and as far as his company was -concerned the output for August was one-seventh larger than for the same month last year, which was the largest the company had ever had. Too long a continuation of the present dry weather wmild be prejudicial, but, given fair average weather# the outlook for the season was good.