DAIRY PRODUCE

Dominion, Volume 32, Issue 150, 21 March 1939, Page 12

DAIRY PRODUCE

London Butter Market Quiet CHEESE MARKET SLOW There was no change in the London butter market last week, prices remaining unchanged in a quiet market, according to the "cabled report supplied by the Primary Products Marketing Department to the Dairy Board. Friday s closing, quotations, with those of the previous week in parentheses, were as follows:— New Zealand, salted, 118/- (118/-; a year ago. 119/- to 120/-) ; unsalted, 122/- (122/-: .a year ago, 122/- to 123/-). Australian, salted. 117/- (115/- to 116/-); unsalted. 118/- (116/- to 117/-). Danish. 11-1/- f.0.b., 135/- to 136/spot (118/-; MO/- to 141/-). Dutch, unsalted. 114/- to Lio/-, ex. 118/- (114/- to 115/-). Polish, salted and unsalted. llu/(1 South Africa. 113/- to 115/- (112/- to 114/-). ... . . ~ The retail price of New Zealand butter lasi week was 1/6 ami 1/2 a lb., with Danish Id. lower at 1/4. , The present price of US/- is equal to approximately 14/03d. a lb., f.0.b., New Zealand ports, compared with the guaran teed price of 14.80(1. a lb., f.o.'b. The Loudon equivalent of the guaranteed price is 124/3 al cwt. The equivalent price of cheese is about 6.7 d. a lb., f.0.b., compared with the guaranteed price of 5.24 u. Deliveries of New Zealand butter from store lasi week were 1731 tons, compared with 191-1 tons for the previous week, and 23511 tons a year ago. The quantity in store la-st Ifriclay, including 1330 tons ex the Port Alma and Port Sydney, was 5175 tons, against 4806 tons a year ago. Deliveries of Australian butter last week were 2097 tons, and the quantity in store 4940 tons, compared with 2702 tons a 3C The” Imperial Economic Committee’s estimated stocks of all butters in store last week was 765,020 boxes, compared with 475.238 boxes a year ago. Tile cheese market continued slow last week, the price of New Zealand, 60/- a cwt., showing a further decline of 2/- on the week. Friday’s closing quotations, with those for the previous week m parentheses, were as follows:— New Zealand, white and coloured, 60/(62/-; a year ago, 70/-). Australian, white, 04/- to s</- (no/to SS/-) : coloured, 56/- to 58/- (so/- to Canadian, white and coloured, 72/- to 73/- (72/- to 74/-) ; old season's coloured, ' finest farmers’. 86/- to 96/(86/- to 96/-) ; factory cheese, 62/- (62/to 64/-). . Deliveries of New Zealand cheese from store last week were 14,013 crates, against 18,019 crates a year ago. lhe quantity in store last Friday was td.dbo crates, compared with 46,726 crates a year ago. , , t , Deliveries of Canadian cheese last week were 4894 boxes, and the quantity in store 97.029 boxes, against 79,118 boxes a year ago. . ' , , ,„,i Cheese gradings lor the week ended March 11 were 20,365 crates of white, and 10,655 crates of coloured, a total ol 31,021 crates.