DAIRY PRODUCE.

Auckland Star, Volume LXVII, Issue 113, 14 May 1936, Page 4

DAIRY PRODUCE.

A MONTH'S BUSINESS. FUTURE PROSPECTS. In their monthly review of dairy produce markets, Messrs. A. H. Turn bull and Co., New Zealand representatives for Messrs. W. Weddel and Co., London, quote estimated arrivals in the United Kingdom during May, June and July, compared with actual arrivals in previous seasons, as follow: —- A Quarter's Arrivals. NEW ZEALAND BUTTER (in tons). 3 934. 1935. 1930. May 14,300 10,874 11.520 June .... 8.503 8,044 9,916 July .... 9,792 5.354 9,500 32,001 27,272 31,230 NEW ZEALAND CHEESE (in tons). 1934. 1935. 1930. May 11,079 8,587 8,070 June .... 9,485 0,470 7,900 July .... 8,40- 0,579 5,400 29,050 21,030 21,430 Imperial Economic Committee's estimate of stocks of all butter in United Kingdom as at May 6:—1934, 27,425 tons; 1935, 13,900 tons; 1936, 9975 tons. The butter market has remained steady throughout the month with very little variation in weekly quotations. A certain amount of weakness was evident in the market towards ■ the end of April, but latest advises show that the market is steadier at the higher level of 89/. Messrs. W. Weddel and Co., Ltd., cable us that bad weather has retarded Continental production and this resulted in a reduction of spot stocks to below normal. The immediate future will depend very much on northern hemisphere production, which it is generally anticipated will be heavier than last season. _ As will be seen from the figures which we give above, the arrivals of N.cw Zealand butter during May, June and Juiy will be some 4000 tons above last season and our arrivals during August and September will, no doubt, also be heavier than last year. However, in view of tho strong spot position and even taking into consideration the increased arrivals from New Zealand and the possibility o» heavier arrivals from the Continent, Messrs. W. AVeddel and Co., Ltd., anticipate that we will see a firm and steady market. Forward buyers have been operating fairly steadily throughout the month, although there has been a good deal of irregularity on the part of buyers generally. " The demand has been move for June/July shipment rather than April/May and to-day as high as U%d has been paid for July shipment and 11 %d for June. Cheese. The cheese market is still very strong and the statistical position is firmer than it lias been for many years. As anticipated, the spot market has shown a considerable increase, particularly as far as white cheese is concerned. Spot stocks are well below normal and Messrs. W. Weddel and Co., Ltd., state that they fully anticipate a firm market to continue. Forward Buyers. Forward buyers continue their activity and as high, as 6%d has been paid for cheese unshipped to end of season s manufacture. Messrs. Joseph Nathan and Co. have received the following cable from thoii London principals, Messrs. Trengrouse arid Nathan, Tooley Street, dated May 13:—Butter: 92/ per cwt. Firm.