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

quarter of beef exported, though, in fact, rates amounting to only half the charges authorised have so far been levied. The course of prices in Great Britain since January, 1922, has heen, on the whole, satisfactory for the New Zealand producer, 50 that the Board has had no reason to exercise its wider powers and to control the actual marketing of the meat here. It has exercised its authority in other directions, notably in the appoint- ment of expert graders, in the elimination of small parcels from shipment, and in the reduction in the number of marks under which goods are shipped. By making freight contracts with the shipping companies on behalf of the producers as a whole, 't has been able to obtain reductions in, and a more economical use of, shipping freights, as well as a reduction in marine insur- ance rates and railway rates in New Zealand. It has also appointed a London representative who safeguards the interests of the producers in this country, and furnishes information, day by day, as to the trend of the British market. It is also repre- sented in the Argentine. The Board watches the development of new markets and interests itself in the proper advertisement of New Zealand meats. It displays considerable public spirit by the regular publication of details of shipments and of quantities held in Dominion cold stores. The Board has been criticised for its action in regulating shipments. Since a normal season in Australia for mutton and amb ends about March and that in New Zealand about June or July, it follows that, if carcases were shipped as treated, mutton and lamb from these Dominions would arrive in the first eight months of the year and there would be no shipments during the remaining four. This does not mean that in the bare months there would be no frozen mutton or lamb on the market for, during the time of over-supply, the cold-stores would be utilised antil supplies were short. This, however, is not a desirable arrangement for, when arrivals are heavier than necessary to meet current demand, the day-to-day market is depressed out of proportion to the quantities arriving or on offer. There are always weak sellers on a market and, in a market for perishable or quasi-perishable goods, their presence may be disastrous. Moreover, the prices which merchants are prepared to offer for forward delivery are governed by the quantities expected from all sources at the time when their purchases will arrive, so that unnecessarily large shipments arriving together in, say, the sarly part of the year, will send down forward prices and also, of course, spot prices at the same time. The Board’s regulation of shipments is designed to avoid any such glut during the early part of the season; it also prevents the high prices which normally ruled after August, when supplies were scarce. These high prices do not pay the producer, because they are spread over a small portion of his output and are obtained at the cost of a low price for the rest. The Board aims at the ideal of an equated lemand and supply at any moment. In one sense, therefore.

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