MARKET BETTER

Waikato Times, Volume 125, Issue 20958, 10 November 1939, Page 2

MARKET BETTER

DEMAND FOR CASEIN EFFECT OF WAR An improved market has been experienced for casein recently, mainly because of the dislocation of the , usual supply channels. Commenting on the prospects for the casein market this morning, a Waikato authority, however, said that there was no guarantee that the present position would last. It has been reported that one Taranaki company is to send all its casein to Canada for aeroplane manufacture. It is stated that the price of casein has trebled in price since last year as a result of its use for building military aircraft. SHARP ADVANCE CASEIN FROM TARANAKI MANUFACTURE OF AIRCRAFT (Special to Times) NEW PLYMOUTH, Thursday The price of casein fell to £2O a ton last season and averaged only £3O, but the dairy industry will benefit this season by the increase in price to £55 a ton. The development of the Canadian scheme for aircraft production is stated to have been primarily responsible for the raising of the price. Stocks in New Zealand are believed to have been cleaned out as a result of the war, and in view of the scale on which it is proposed to build aeroplanes in Canada for the Royal Air Force it is expected that the already heavy demand will increase. Recently Japan bought a large quantity of casein from Australia at between £3O and £34 a ton. The fact that casein made in Taranaki is being bought at nearly twice that figure is taken as an indication of a better class of product from New Zealand, which has had a reputation for some time of being of better grade than any other.