RISE IN BUTTER.

Auckland Star, Volume LXX, Issue 16, 20 January 1939, Page 4

RISE IN BUTTER.

MARKET NOW SLOW. NKW 2EALAND UP TO 126/. ABOVE GUARANTEED PRICE. (Kecelved 10,30 a.m.) LONDON, Jan. 19. The butter market i* slow, Neif Zealand choicest salted selling from 125/ to 126/ per cwt and no unsalted being available. Australian salted is quoted at 122,' aiid ununited 124/, Cheeae ia quiet, with priced as follows: Xew Zealand white and coloured, 69/6 to 70/ per cwt; Australian white, 64/ to 05/, and coloured 03/ to 66/. The price of NeVr Zealand butter rose to 127/ per ewt eurly in the week, the highest of the season, showing an advanr-e of 21/ «ince December 1. The present price, though alightly lower, ta still ibove tho guarantee which i* equivalent to 124'3 per cwt landed in London. The improvement in the market has been due to smaller Australian supplies and new# of further reductions in shipmentM from the Commonwealth, owing to a sharp fall in production. Drought ia the ninin cause. In addition, Xew Zealand supplies have been smaller than for a number of seasons. The following table compares rulir.g prices with those of last week and a year HUTTER. New Zealand — _ Tear Jan. 19 Jan. 12 ago • go Per cwt Per cwt Per ewt Salted .. 125/ 126/ 123/ 110/ L'nsalted • 126/ «»/ Australian — , Salted .. 122/ . 122/ 109/ L'nsalted 124/ 124/ 111/0 CHEEHB. N'-w Zealand— _ _ White .. 69/6-70/ 70/ 69/3 Coloured 69/6-7(1/ 70/ 70/ Aost nil In n White .. «4/-65/ 64/6-65/ 67/6 Coloured 65/0-66/ 65/6-60/ 07/0 •None offering.