DAIRY PRODUCE TRADE

Dominion, Volume 21, Issue 300, 19 September 1928, Page 14

DAIRY PRODUCE TRADE

NEW SEASON’S EXPORTS STOCK POSITION SURVEYED In view of the opening of the new export season, tlie Dairy Produce Board’s survey of the position is of particular interest’. During August there was a decrease in export shipments ot over 12.00 U boxes of butter, compared with August, r. 127, largely accounted for by the fact that; not a single box of butter was shipped to Australia, which in August ot last year took over 33,000 boxes. Tlie shipments to London last month were, however, very nearly double those in August, 1927, and Vancouver took over 1200 boxes more. The export of cheese has started earlier this season, 2233 crates being shipped last month, mostly to London, compared with only 176 crates in August, 1927. 'The board reports:— „ , . The following shipments of dairy produce left New Zealand by vessels sailing finally in August:— BUTTER (In Boxes). August, August, 1928. 1927. London 44.302 23.208 W.C. U.K — — Vancouver 6,400 u,->6 Panama — „ _— Honolulu 1,32 b Australia — Other countries .. o9< 1,.i08 52,632 64,739 Of the butter shipped in August to the United Kingdom, tlie position at time of shipment was that 57.89 per cent, was consigned and 42.11 per cent, sold f.o.b. CHEESE (In Crates). August, August, 1928. 1927. London 2,055 — W.C. U.K — ~ „ Australia 29 14b Vancouver 215 — Other countries .. 34 30 2,333 176 Of the cheese shipped in August to the United Kingdom, tlie position at time shipment was that 67.94 per cent, was consigned, and 32.06 per cent, sold f.o.b. Australian and Argentine Shipments. The shipments from Australia were as follow: — „ Butter Cheese (boxes), (tons). August, 1928 .... 48,200 226 August, 1927 .... 9,300 261 The shipments from the Argentine of butter compare as follow:— Boxes. August, 1928 -5’?29 August, 1927 8,16-1 The board’s agent cabled under date September 5 that shipments for September and October will be about 40,000 boxes each month, i.e., slightly more than last year. Sources ot British Supplies. The imports of dairy produce into Great Britain from all sources for the month of August were as follow: — BUTTER. 1928. 1927. 1926. From Cwt. Cwt. Cwt. Russia 76,013 71,074 44,056 Finland 20,420 9,283 12,626 Sweden 23,315 9,515 12,839 Denmark 201,628 158,873 171,510 Netherlands .. 12,547 12,185 19,043 France 12,631 11,668 4,554 United States .. —— 1,699 Argentine 4,010 1,360 Irish Free State 85,085 86,709 71,203 Australia 47,389 15,549 12,240 New Zealand ... 76,518 74,380 6u,034 Canada ~—— 12,477 Other countries . 25,886 14,497 19,094 Totals 585,442 465,098 464,703 CHEESE. 1928. 1927. 1926. From Cwt. Cwt. Cwt. OT 12,473 12,296 United States .. 713 486 3,144 Austmlia 19,104 o,.»Sb New Zealand .. 107110 147,796 150,912 Canada 164,411 111,782 120,724 Other countries . < ,982 0,020 0,046 Totals 328,872 289,630 302,961 During August. 1928, the re-exports of butter from the United Kingdom were as follow: — To Germany, 23cwt.: Belgium, scwt.; France. 41cwt.; Irish Free State, 149 cwt.; Netherlands, 1215 cwt.: Canada, 508 cwt: United States. -—•; other countries, 1009 cwt. Total, oOOOcwt. Range of Market Prices. London prices have been:— August, 1928. Butter. Cheese. First week 180s.-184s. 110s.-112s. Second week .... 1825.-186 s. llls.-11-S. Third week .... 1825.-186 s. llls.-11-s. Fourth week .... ISOs.-186s. 110s.-113s. Fifth week 180s.-186s. 1095.-113 s. August, 1927. Butter. Cheese. First week 1645.-168 s. 925.-945. Second week .... 1685.-1725. 925.-945. Third week l(i(is.-1725. 905.-935. Fourth week .... 1705.-T74s. 9-s.-945. Fifth week 1745.-178 s. Jus.-965. Canadian and U.S.A. Supplies. The following are the stocks of butter and cheese held in Canada at September 1: “ 1928. 1927. 1926. cwts. cwts. cwts. Butter 255,357 300,892 291,964 Cheese 248J314 319,642 370,535 Taking into account Canadian cheese stocks both in Canada and in the United Kingdom the position shows:— 1928. 1927. Boxes. Boxes. In Canada 347,500 447,500 In United Kingdom .. 171,500 121,600 619,000 569,100 Canadian gradings are approximately the same as last year, but shipments have been made earlier resulting in the total available stocks at September 1, 1928, being 50,100 boxes less than last year. Note. —A Canadian box contains approximately one SOlb. cheese. There have been no exports of Canadian butter to the United Kingdom for the season up to August 4, 1928. „ , The following are the stocks of butter held in the United States at September 1:_ 1928. 1927. 1926. cwts. cwts. cwts. Butter 1,214,286 1,455,358 1,233,491 I’osition of Stocks. The position of stocks at September 1 was as follows:Butter. Tons. Tons. Estimated stocks all butter in United Kingdom public cold stores 14,a00 18,000 Stocks iu New Zealand, including loaded into steamers not sailed finally at September 1 ! I-no Stocks afloat 2,41 b -,794,752 4,594 Note.—Stocks of butter in New Zealand cold stores, according to grading figures are considerably heavier than the above figures, which represent the Board's estimate of exportable surplus. Cheese. ' Crates. Crates. Stocks at London, Liverpool and Bristol:— New Zealand and Australian 63,000 72,000 Canadian (equal to) 85,750 60,800 148,750 132,800 Stocks in New Zealand, including steamers uot sailed finally at September 1 9,110 4,850 Stock afloat 21,872 59,196 30,982 64,041!