DROP IN BUTTER.

Auckland Star, Volume LXIX, Issue 139, 15 June 1938, Page 4

DROP IN BUTTER.

NEW ZEALAND AT 119/. MARKET CONTINUES SLOW. (Received 11.30 a.m.) LONDON, June 14. The butter market is slow, choicest salted New Zealand selling' at 119/ per cwt and Australian at 116,'. Unsalted New Zealand is quoted at 123/. The decline in butter over the past few weeks has brought New Zealand to the lowest point since early in April. During May prices lose to a peak of 134/ per cwt, so that the fall has been equal to 1 5/. Dominion butter has not, however, suffered as much as Continental from the market weakness, owing to the firmness of holders. The price is still well above the average for recent years, and exceeds the guaranteed price paid to farmers by 7, per cwt. N. 2. DAIRY BOARD'S REPORT. The New Zealand Dairy Board reports that the London butter market is slow, nnd the retail price for New Zealand has been reduced to 1/3 per lb. Cheese is quiet. By arrangement with the Primary Products Marketing Department the following information is supplied: — NEW ZEALAND BUTTER. 11/6/'3B. Last week. Last rear. Salted 120/121/ 122/-123/ 109/-110/ Unsalted 123/-124/ 124/-125/ 110/ 112/ Tons. Tons. Tons. Deliveries 748 1408 1774 In store 3407 3659 6363 Australian: Salted. 117/ to 118/; unsalted, 121/. Deliveries: Australian, 2058 tone; in store, 4988 tons. Danish, 102/ to 103/ f.0.b., 123/ to 124/ spot. Dutch, unsalted 111/ to 112/, ex. 115/; Lithuanian, unsalted 115/. Imperial Economic Committee estimated stocks of all butters in store 0CJ.141 boxes Hast year 785.396 boxes). NEW ZEALAND CHEESE. 11/0/'3B. Last week. Last vear. White «8/' li ex. 00/ 69/6-70/ 74/ Coloured 08/ttex. 69/ 69/6-70/ 730-74/ Crates. Crates. Crates! Deliveries 13,583 15.158 19.844 In store 06.805 54,203 83,059 Canadian, white and coloured, 78/ to SO'. Deliveries, Canadian. 2471 boxes; in store, 64,085 boxes. Market steadv. i English factory cheeee, 68/ to 69/. Market avMU ;