Report on the trade in refrigerated beef, mutton and lamb

Bibliographic data

Monograph

Identifikator:: 1800540760

URN:: urn:nbn:de:zbw-retromon-185131

Document type:: Monograph

Title:: Report on the trade in refrigerated beef, mutton and lamb

Place of publication:: London

Publisher:: Stat. Off.

Year of publication:: 1925

Scope:: vi, 65 Seiten; Ill., graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VI. Combinations in the meat industry

Collection:: Economics Books

} = CHAPTER VI—COMBINATIONS IN THE MEAT INDUSTRY. (i) Producers’ Control Movements. (a) New Zealand. —The New Zealand Meat Producers’ Board was set up in 1922 ; Is is of considerable economic interest as an attempt on the part of producers to control the marketing of their produce. The immediate cause of its formation was the slump in prices during 1921. With the collapse of the market and the knowledge that enormous quantities of beef were lying in store and en route, fraders in this country did not feel inclined to buy forward. For this they can hardly be blamed; the trader is always at a lisadvantage in his endeavour to judge the future; he has no precise information as to the quantities of meat in cold store in this country, his estimate of consumption is, at best, a matter of rule-of-thumb, while his information as to probable shipments may be seriously discounted by changes in the weather or other conditions prevailing overseas. Hence the note of caution which characterised the trade during the last six months of 1921. But the merchant has always this advantage over the producer—the produce must be marketed, and, as the merchant controls the marketing machine, so he can afford to wait until the goods are near his market before he commits himself to a purchase. So far as the New Zealand producer was concerned, his beef was being sold below cost and, even for fat lambs, his return was only about 41d. per lb. Events during December, 1921, and January, 1922, aggravated the situation. The first bids for forward delivery were on a low scale and, about Christmas, first- grade North Island lambs were being sold at about 7d. per Ib. In January, however, a change took place, and prices for New Zealand goods began to rise. Merchants who had bought during December were able to re-sell during January at a handsome profit, though the producers had made a loss in supplying the goods. When produce is being sold at a loss, it is difficult for producers to realise, at a distance, that they have had a ““ square deal,” however fairly the merchants may, in fact, have been dealing with them. The New Zealand farmer came, therefore, to the conclusion that his only salvation lay in organisation; he determined to take effective steps to strengthen his position as a seller in the market. The Meat (Export) Control Board was accordingly set up, under the terms of the Meat (Export) Control Act, 1921/1922, The Board consists of eight members, five elected by the producers of meat for export, two appointed by the Government and one representative of stock and station agents. Though control is limited, by the Act, to the export trade and is not, at present, extended to meat killed for domestic consumption, the Board has the fullest powers to regulate exports and shipments, including the right to take over the whole meat-marketing organisation in any importing country. Expenses are provided for bv a levy of 2d. ver carcase of mutton or lamb and 1d. per

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