DAIRY PRODUCE

Dominion, Volume 24, Issue 51, 24 November 1930, Page 14

DAIRY PRODUCE

Butter Weak at 104/108/CHEESE QUIET AT 67/73/Lust week the London market showed a further fall of 3/- to 6/- a cwt. in the price of New Zealand salted butter, which was quoted on Friday at the low level of 194/to 108/-. Australian showed a decline of 4/-, and Danish of 2/- a cwt. on the week. The price of New Zealand salted butter to-day is from 65/- to 66/- a cwt. below that of twelve 'months ago. New Zealand unsalted butter dropped 2/- a cwt. last week, and is selling at 40/- to 42/- a cwt. less than a year ago. 1 The Dairy Board's report from its London office describes the market as weak and irregular. The retail price of New Zealand butter has been reduced to 1/2 a lb. that for Danish being unchanged at 1/5. Private advices state that whereas the normal consumption of butter in Britain is 6000 tons a week, it has gone up to over 7000 tons since the retail price was cut to 1/2 to 1/3 a lb. That the butter has been going into consumption fairly rapidly is shown by the Dairy Board’s reports of deliveries and stocks in London. The deliveries in recent weeks have been higher than a year ago, while stocks of New Zealand butter in London, which were nearly 19,500 tons at the beginning of September, have steadily declined. Last ' Thursday they totalled 3466 tons, or 1058 tons less than at the corresponding date of last year. The Empire Marketing Board’s estimate of stocks of all butters as at November 15 was 438,361 boxes, which compares with previous dates as follows: — Boxes. August 22 . 1,002,346 Sentember 6 September 20 887,610 October 4 828.584 October 18 <43,389 November 1 The cheese market is reported as quiet, with prices 2/- a cwt. lower on the week. At 07/- to 74/- prices are 22/- to 26/- a cwt. lower than'they were a year ago. Current market prices, with those for the previous week In parentheses, are quoted in the Dairy Board’s report, as follow:— ■ ‘ BUTTER. J ; ■// New Zealand, salted, 104/-, 108/-, up to 110/- (107/114/-; November 22, 1929, 169/ 174/-); unsalted, 146/148/- (148/150/-’ to 154/-; November 22, 1929, 186/190/-); first whey, 94/- (102/-); second whey, 92/(100/-). Australian, salted, 100/106/- (104/110/-); unsalted, 118/124/- (124/128/-). ' Argentine, unsalted, 100/168/- to 112/(108/108/- to 114/-). Danish, 128/- f.0.b.; 138/140/- spot (134/-; Dutch, unsalted, 144/146/- (144/146/-). Latvian, unsalted, 108/- (108/112/-). Siberian, 96/100/- (100/-). Polish, 06/100/- (90/100/-). French baskets, salted, 136/138/- (138/ 140/-). CHEESE, New Zealand, white 71/73/-; ex., 74/(73/74/-; 76/-; November 22, 1929, 95/96/-); coloured, 67/69/-; ex., 70/- (68/70/-; 71/-; November 22, 1929, 93/94/-). Australian, white, 70/- (71/72/-); coloured, 66/67/- (67/69/-). . Canadian, white and coloured, 76/78/-; ex., 80/- (76/80/-; 76/78/-). English, finest farmers’, 100/106/- (100/ 106/-). Deliveries and Stocks. Deliveries iof N.Z. butter for the week were 1631 tons, as against 1461 tons a year ago. The quantity in store was 3466 tons, as compared with 4524 tons a year ago. Deliveries of Australian butter for the week were 24,665 boxes, as against 21,491 boxes a year ago. The quantity in stock was 24,057 boxes, as compared with 24,724 boxes a year ago. Deliveries of N.Z. cneese for the week were 11,325 crates, as against 14,331 crates a year ago. The quantity In store was 29,417 crates, as compared with 23,414 crates a year ago. , Deliveries of Canadian cheese for the week were 14,626 boxes, as against 24,804 boxes a year ago. The quantity in store was 261,235 boxes, as compared with 202,833 boxes a year ago. Steady Decline in Butter, The New Zealand Producers' Co-operative Marketing Association, Ltd., weekly cabled market report from London, dated November 21, is as follows:—Butter: Market: is weak and prices have steadily declined during the week. New Zealand, 104/- to 108/-; unsalted, 146/- to 148/-; Danish, 138/- to 140/-. Cheese: Market quiet. New Zealand, white 71/- to 72/-, coloured 01/- to 69/-; Canadian, 76/-. to 78/-. The following report has been received by Mr. Thomas Gray from his principal, Mr. A. C. Rowson, London:—Cheese: Deliveries, New Zealand Australian, 12,189 crates; Canadian, 14,626 boxes. Stock, New Zealand and Australian, -33,933 crates; Canadain, 261,235 boxes. Price, New Zeiand, white 71/-, coloured 67/-." The demand is slow and the market very weak. Butter / New Zealand, first grade ,104/-, finest 108/-. The demand is dead and the market weak. A. H. Turnbull and Co. have received the following report from their principals, W. Weddell and Co., Ltd., dated London November 21:—Butter: Danish, 138/- to 140/(140/-: to 142/-); New Zealand, unsalted, 146/- to 148/- ( (148/- to 150/-); salted, 104/to 108/- (107/- to 114/-); market weak. Cheese: White, 71/- to 73/- (73/- to 74/-); coloured, 67/- to 69/- (68/- to 70/-); market quiet. Canadian, white 76/- to 78/- (76/- to 80/-'; coloured, 76/- to 78/- (76/- to 78/-). Amalgamated Dairies, .Limited, on. Friday received the following market report from their London office:—Butter: Market easier. Little business passing. 'Our prices unchanged, Anchor 110/-: other New Zealand finest 108/-; Danish, 128/-, f.o.b. Cheese: Market dull. White, 71/- to 72/-; coloured, 67/- to 68/-. EIGHTEEN CARGOES Huge Shipments for Britain Including shipments by two steamers which sailed last week, and four other vessels now loading, nearly 1,000,000 boxes of butter an<J more than 350,000 crates of cheese will leave the Dominion up to January 21. » ■A total of 88,966 boxes of - butter and 45,608 crates of cheese left last week in the Hertford and Tainul for London. The latest list of shipping space allotments Issued by the Dairy Board provides for 895,000 boxes of butter and 308,700 crates of cheese to be loaded for Britain L" ships. Auckland will provide uSO,9uO boxes, or Go per cent, of the butter and .51,478 crates of cheese. The loadings at Wellington, including transhipments ■f’ a^ea an< l Wanganui, will comprise 139,0„9 boxes of butter and 130,611 crates of cheese. Six ships will go to Wanganui to load -32,580 boxes of butter and. 8790 crates, of cheese. New Plymouth will provide 62,660 boxes of blitter , and 61,728 crates of cheese for eight ships. . At Napier 18.900 boxes of butter nnd 815 crates of cheese, and at Gisborne 17,000 boxes of butter will be loaded. The total shipments from the four'South Island ports, Lytteltan ’ Tlmarti, .Dunedin, and Bluff, will be 40,80 l boxes, or 5 per cent, of the butter and 55,278 crates, or 11 per cent., of the cheese. The ships and their allotments are as

. Total: 895.000 308,700 With the exception of three part shipments for West Coast, United Kingdom ports, the whole of the dairy produce is going to London.

Due Ship. Sails U.K. «S ■■ Mahana Nov. 27 Jan. 4 (10,000 28,000 Rangitane Dec. fl 8 90,000 17,800 Port Nichoisop „ .fl 10 85,000 22,000 Mahta „ 10 1(1 51,000 26.000 Tamaroa „ 17 „ 10 70.000 21,500 Westmoreland „ 20 „ 27 12,000 15,500 Tongarlro „ 23 „ 28 80,000 . 28,800 Port Hunter „ 24 ,, 29 40,000 20,500 Turakina „ 30 Feb. 5 80,000 17.000 Remuera Jan. 3. 8 50,000 10.500 Karamea „ 5 8 41,000 18,900 Rotorua „ fl „ 10 27.000 17,800 Pt. 'Wellington „ 7 „ 13 50,000 13,100 Corinthic „ 14 „ 21 25,000 14,700 Raranga „ 15 „ 22 (14.000 12,900 Port Huon 21 25 70,000 22,800