DAIRY PRODUCE.

Auckland Star, Volume LXIV, Issue 30, 6 February 1933, Page 4

DAIRY PRODUCE.

LONDON QUOTATIONS. THE BOARD'S REPORT. The New Zealand Dairy Produce Board has received the following •market report from its London office, dated February SiNew Zealand Butter. 3/2/33. Last week. Last yenr. Salted . . 78/, 80/ 70/, SO/ 100/, 102/ 9.08(1 f.o.b. Unsalted. SO/, 82/ SO/, 82/ 110/, 114/ Tons. Tons. Tons. Deliveries .. 2000 2137 2290 In store .. . 5062 6582 4175 Australian: Salted, 74/ to 76/ per cwt; unsalted, 76/ to 80/. Deliveries: Australian, 2412 tons; in store, Australian, 5062 tons. Improved demand at end of week. New Zealand retail price generally lOd, some 9d. Argentine: Unsalted, 76/ to 78/ to 80/. Danish: 88/ f.0.b., 112/ epot. Danish rate o£ exchange approximately 23 per cent below sterling. Present rate 22Mi kroner to pound sterling. Copenhagen quotation consequently 17 kroner per 100 kilos higher last week. Danish retail price has been 1/2 in some districts, but now 1/1 general. Market quiet. New Zealand Cheese. 3/2/33. Last week. Last year. White ... 45/, 47/ 45/, 46/ 61/, 62/ 42<1 f.o.b. Coloured. 57/, 58/ 58/, 50/ — £ Crates. Crates. Crates. Deliveries ... 23,000 21,500 36,000 In store 51,000 40,000 50,500 Market firm. New Zealand retail price Scl. South African: White, 44/ per cwt; Canadian: White and coloured: 60/ to 68/. Market quiet. Deliveries: Canadian, 6400 boxes; in store, Canadian, 122,126 boxes. English finest farmers', 96/ to 105/. The board has also received the following advice from its agenta in Canada: — Butter: New York, 17% cents; Montreal, 20% cents. Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Messrs. Trengrouse and Nathan, Tooley Street, dated .February 4:—Butter: 79/ to 80/ per cwt. Cheese: White, 47/ per cwt; coloured, 58/. Both markets firm. ] | <

NO SIGN OF RECOVERY. CHEESE AND EGG TRADE. LONDON, February 4. The London butter market shows no improvement so far as prices are concerned, and importers sec no signs of recovery. Although production, in Australia and New Zealand is declining, there are large shipments afloat and, according to the Empire Marketing Board, stocks in cold storage at January 31 totalled 633,200 boxes. The only good feature of the trade is that the consumptive demand remains excellent and the multiple shops are selling large quantities at 10d a lb. The cheese market is very dull, with only poor demand. This is difficult to account for, as stocks of Australian and New Zealand are 10,000 crates lower r.nd Canadian about 20,000 boxes lower than a year ago. Another fortnight will scfe the close of the Australian egg season, and, considering that the arrivals are very large (nearly three times greater than two seasons ago), the results are fairly satisfactory. Prices naturally have fluctuated with the weather conditions, and at the present moment the turn to warmth makes importers anxious about the prices the two final shipments will realise. • In regard to next season, it may be pointed out that the duty on foreign eggs lias materially reduced the quantity coming from Denmark, Holland, Poland and the Irish Free State, hs compared with 1931. There is not likely to be any increase next season, but British production probably will show a considerable increase.