BUTTER TRADE WITH UNITED STATES

Dominion, Volume 28, Issue 112, 5 February 1935, Page 10

BUTTER TRADE WITH UNITED STATES

Opawa to Call at New York DEMAND FOR SHIPPING SPACE KEEN By Telegraph —Press Association. 4 Auckland, February 4. The demand for shipping space for the present butter trade with the United States of America has resulted in the New Zealand Shipping Company’s motor-ship Opawa being booked to discharge cargo at New York on its return voyage to Great Britain. Normally the Opawa would proceed to England direct, but the New Zealand Dairy Produce Board has arranged for her to call at New York. The Opawa is duo at Auckland next week, and is expected to sail finally from Wellington on February 25 or 26 '

Details of the quantities of butter offering are not available, but it is understood that produce will be lifted at Auckland and southern ports. Since Friday there lias been a temporary halt in purchases of butter for forward shipment to London and New York. In view of the strong spot demand in London and the latest reported advance to 92/- per cwt., factories have lifted their limits to 10-Jd. per Ib. f.0.b., equal to 90/- per cwt. in London. The last sales reported were at 10-Jd. Many factories have already disposed of all their butter available for February shipment, leaving bare "goodwill” consignment quantities.