DAIRY INDUSTRY.

Auckland Star, Volume LXII, Issue 37, 13 February 1931, Page 4

DAIRY INDUSTRY.

EXPORT MARKET CONDITIONS. FOUR WEEKS REVIEWED. In (.heir latest review of the dairy produce markets, Messrs. A. H. Turnbull and Co.. New Zealand representatives for W. Weddel and Co., London, report as follow, under date February 10:— It is interesting to note the heavy deliveries ex store during the past live weeks. These exceeded the same period last year by no less than 1800 tons, bearing out our fjfst report that the stores were purchasing protective stocks. Messrs. W. Weddel and Co., Ltd., cable that consumption continues good, with a steady demand, whilst there is a growing inquiry from Continental sources, more especially for nnsnlted butters, which have again established a premium of 3/ over salted. The retail Loudon price has been kept down to 1/3, and this is undoubtedly helping the position very considerably, together with the advertising propaganda carried out by London Importers in conjunction with the Dairy Board. The stock position in the United Kingdom is strong, although the quantity in New Zealand awaiting shipment is greater than at January 31, 1930. Messrs. W. Weddel and Co., Ltd.. consider that the market, will now remain firm with a slowlv improving market. Cheese Continues Dull. The cheese market has continued dull throughout the month, and has shown a steady decline. The retail price has been reduced to eightpence, but so far this has not stimulated consumption to any extent. There are heavy stocks of cheese on spot in London, afloat and in New Zealand, and this is having a depressing elfect on the market. Another factor that is keepi ing consumption of cheese at a low point is the very cheap retail price for meat, bacon and other seasonable substitutes. In view of this, Messrs. W. Weddel and Co., Ltd.. advise us that they do not expect any very great improvement in the market. although with the lower retail prices they arc hoping that stocks will be cleared more rapidly. Reports are to hand that quite a number of Taranaki dual plant factories have already decided to manufacture part of their usual cheese output into butter, and this should have ,the effect of helping the cheese position somewhat.

Prico Fluctuations. The following are tlie London mean quotations for the month: — Jan. Feb. 16. 23. 30. 7 Danish butter.. 130/ 132/ 138/ 14'-/ N.Z. unsalted .. 118/ \\l/ t ]}§/ N. 55. salted ••• 115/ 11k/ 113/ 11 o / Market ' Quiet . Quiet Finn l-irm N.Z. cheese, white 57/6 ■>■>/ 5-/ N.JC. cheese, col. 57/(> •>•>/ 03/6 <>-/ Market ....... Quiet Slow Slow Firm Arrivals in Britain. Estimated arrivals in. United Kingdom during February and March, 1931, compared with actual arrivals in previous seasons are as follow: — NEW ZEALAND BUTTER (Tons). 1928/29. 1929/30. 1930/31. February .. S.Oll Vi'linn March .... 12,752 7,072 9.400 20.863 1-1,484 20,900 NEW ZEALAND CHEESE. February - • 14,018 7,900 11.000 March .... 9,270 .11,412 11.000 23,294 19,362 22,000 GRADINGS AND STOCKS (In tonns). 1929. 1930. 1931. "fiff.. 1 ; 12.100 13,007 12.033 Butter graded 6 months to 31st January 55,850 63i3~4 63,808 Butter in store to 31st January 6,200 11,336 15,707 Cheese graded in H January 13,100 12,040 13,7-5 Cheese graded 6 months to 31st ■ January 52,600 50,093* 06,369 Cheese in store _ to 31st January 9,600 11,619 13,83Market Trend. Butter.—London prices have remained remarkably steady throughout the past month, despite a slight weakness quoted on January 30, but which disappeared, and to-day we have a firm market of 114/ to 116/.