DAIRY PRODUCE

Dominion, Volume 31, Issue 162, 5 April 1938, Page 14

DAIRY PRODUCE

London Butter Market DANISH PRICE LOWER By Telegraph.-—Press Assn.—Copyright. - London. April 3. The butter market in in a most sensitive condition. Operators are nervous and are holding off. An extraordinary position has arisen, in which the Empire butter market is firming up, while that for Danish butter is declining. The London butter market was firm at the end of the week. Closing quotations, with those for the previous week in parentheses, are reported by the Primary Products Marketing Department as follows: — New Zealand: Salted. Hu/- to 116/(114/-; a year ago. 99/- to 100/-); unsalted, 118/- to 119/- (119/- to 120/-; a year ago, 102/- to 104/-). Australiau: Salted, 11a/- to 4-IH/-(112/- to 114/-) ; unsalted, 118/- to 119/(1 ])anish: 95/- f.0.b.; 116/- spot (96/- to Dutch: Unsalted, 111/- to 113/- (110/to 111/-). T . u 1 Lithuanian: Unsalted, 116/-. Deliveries of New Zealand butter mst week totalled 2133 tons. The quantity in store, including 773 tons ex Trojan Star, is 6276 tons, against 53 jO tons a year ago. Deliveries of Australian butter were 2273 tons, the quantity in store being 3661 tons, as against 4912 tons a year ago. _ ... . The Imperial Economic Committee s estimate of the stocks of all butters in store is 535,539 boxes, as against 6u0,68b boxes a year ago. . The cheese market was firm. Closing quotations, with those for the previous week in parentheses, were as follows :— New Zealand : White and coloured, 69/6 to 70/- (68/6 to 69/6; a year ago, 6u/b Australian: White, 66A to 68/- (66/to 68/-) ; coloured, 6i/- to 68/6. Canadian: White and coloured. <6/to 78/- (white. 76/- to 78/-; coloured, 77 .EngHsh S 'finest farmers’, 98/- to 104/Deliveries of New Zealand cheese iast week were 11,666 crates. The quantity in store was 63,473 crates, as against 86,666 crates a year ago. Deliveries ot Canadian, cheese were . Il quantity in store being <3,138 boxes, as against 76,327 boxes a year ago.