DAIRY PRODUCE

Bay of Plenty Times, Volume LXI, Issue 10923, 24 September 1932, Page 1

DAIRY PRODUCE

BUTTER MARKET QUIETER. Prices for New Zealand butter on the London market are slightly easier, top quotations for finest at 113 s to 114 s comparing with 114 s to 115 s earlier in the week. The market is reported to be quiet to weak. Merchants have received th following cablgrams from their London houses, dated September, 21:— Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited.—Butter: Finest, 113 s; first, 110 s. , Cheese: White, 645; coloured, 60s. Both markets weak. A. H. Turnbull and Company, Limited, from W. Weddel and Company, Limited.—BuCtar: Danish, 121 s to 1235; New Zealand, finest, Ills to 114 s; Australian, 104 sto 107 s. Cheese: White, 64s to 655; coloured, 59s to 61s. Both markets are quiet.

New Zealand Loan and Mercantile Agency Company, Limited. —Butter: Finest, 113 s; firsts, 110 s. Cheese: White, 64s;’ coloured, 60s. The markets are slow.

AUSTRALIAN EXPORTS. Canberra, Sept. 22. The annual report of the Australian Dairy Produce Control Board reveals the fact that 91,08(3 tons of butter were exported from this country last year, being an increase of 17,335 tons over the exports for the previous year. Of the total 83,973 tons went to the United Kingdom. The average weekly price .of the butter shipped to June 30, 1932, was £5 4a, 6d a cwt., compared with £5 16s in the year 1930-3-1. The »->wer price was due to the depression and to increased Continental competition.

The report states that the quality of the butter exported was high and there was an entire absence of complaint. Australia’s exports of cheese totalled 378 tons, which :was slightly below the total for tho previous year. The board emphasises that as a result of the bttawa preferences on butter, cheese and eggs, local and Dominion exporters should obtain a still larger share of British trade in future.