RISE IN BUTTER.

Auckland Star, Volume LXIX, Issue 208, 3 September 1938, Page 4

RISE IN BUTTER.

NEW ZEALAND AT 123/

CHEESE ALSO FIRMER,

(Received 11.30 a.m.)

LONDON, September 1

® u tter is in slightly better demand on the London market. Danish is quoted from 136/ to 137/ per cwt, choicest salted New Zealand 123/, Australian 120/, and unsalted at a 1/ premium in the latter two cases. Cheese is firm with the choicest white and coloured. New Zealand selling at 73/ per cwt, and Australian at 70/. ! After a long period of lagging demand the butter market is at last showing signs of revival. New Zealand has risen 2/, Australian 3/, and Danish 1/ per cwt in the past week. Cheese prices also show a slight improvement. It appears that last week's increase in deliveries of butter and decline in stocks were continued, relieving the market to some extent of the surplus supplies which had been piling up for some time. Current prices are compared with those of last week, and a year ago in the following table:— BUTTER. Sep.l Aug. 23 Tr. ago. Cwt. Cwt. Cwt. N.Z. salted 123/ 121/ 116/ N.Z. unsalted .... 124/ 122/ 118/ Aust. salted 120/ 117/ 116/ Aust. unsalted .... 121/ 118/ 117/ Danish 136/-137/ 133/6 131/ CHEESE. N. 7.. white 73/ 72/6 09/6 N.Z. coloured 73/ 72/6 70/9 Aust. white 70/ 68/6 6ft/ Aust. coloured .... 70/ 70/6 69/