DAIRY PRODUCE

Evening Post, Volume CXVII, Issue 18, 21 July 1934, Page 12

DAIRY PRODUCE

THE DEMAND IMPROVES

There was an improved demand for New Zealand butter at the close of .business for the week in London, according to the report received by cable today by the New Zealand Dairy Produce Board, but the market is slow. Betail prices are.unchanged. Wholesale quotations are: New Zealand, salted, 73s to 74s per cwt (which, equals approximately 8.42 per Ib, and is the same as last, week); unsalted, 80s to 82s and up to 84s for extra good quality; Australian, salted, 67s to 695; Danish, spot, 86s. The -cheese market is steady, with both wholesale and retail prices unaltered from last week. Wholesale rates are:—New Zealand, white, 48s to 48s 6d (which equals approximately 5%d per pound, f.0.b.; coloured, 45s to 45s 6d; Canadian, white, 58s t0.605; coloured, 53s to 565. The market for finest English farmers' is firm at 89s to 96s

The board has also received the following advice from its agents in Canada:— Butter, New York, 24 cents; Montreal, 1854 cents.

A. H. Turnbull and" Co., Ltd., have received the following cable from W. Weddcl and Co., Ltd., dated London, July 20: Butter: Danish, 86s per cwt; New Zealand finest, 73s to 745; Australian, 67s to 88s. Cheese: New Zealand, white 48s to ■JSs 6d per cwt, coloured 45s to 45s 6d. There is a better feeling jn the market and, since quotations were issued, market is firmer with New Zealand butter now 76s per cwt. > The New Zealand Producers' .Co-opera-tive Marketing Association is-advised by cablegram from London today, as follows::—, '.-.'■

"Both butter and cheese markets are now steady after improving during the latter part of the week. New Zealand finest butter, 73s to 75s per cwt; first grade, 72s to 735. Danish, 86s. New Zealand white cheese 48s to 495, coloured 45s to 465." .

A. J. Mills and Co., London;' advise the following market prices as ruling at the close of business on Thursday last:— Butter. The market is steadier. New Zealand finest, 74s ' per cwt; New Zealand firsts, 725; New Zealand unsalted, 82s to 84s; Danish (spot), 82s; Danish (f.0.b.), 655; Australian choicest, 67s to 68s; Australian first grade, 65s to 665; Siberian, 61s to 625; Baltic States, 60s to 61s; Irish, 68s to 70s. Cheese: The market is steady. New Zealand white, 48s to 48s 6d; New Zealand coloured, 45s to 45s 6d; Canadian c.i.f., white and coloured, 4Ss to 50s.

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