BUTTER & CHEESE

Evening Post, Volume CII, Issue 39, 15 August 1921, Page 7

BUTTER & CHEESE

THE MARKET PROSPECTS

MORE MERCANTILE OPINION

The improvement in the London butter market is confirmed by a cablegram received by Messrs. Dalgety and Co. today, dated London, 12th August, and quoting as follows:—"Butter: Market quiet generally. Danish, 274s to 2765; Australian, 216s to 2445, salted 5s more ; New Zealand, 269s to 270s'; Argentine, 210s to 2305."

Mail advices from Australia to-day show that Victoria's export trade in Butter for July was practically all for the Far East,- where an extensive trade in tinned butter is done. It may interest producers in New Zealand to know that during July butter exports, from Melbourne to the East. Were: 815,3021b to Java, 19,4181b to Singapore, 13,1651b to China. The total export was 861,5841b for the month. The total shipments for July, 1920, were 449,1071b, and for July, 1919, 1,707,4581b. Butter for this Far Eastern trade is contributed by Queensland and New South Wales as welj as Victoria. The latter State is by this time self-support-ing and ready for exporting new season's butter to London With regard to the future of cheese, The Post, is authoritatively informed that lljd per pound is still obtainable by factories wiling to sell at that figure. A PALMERSTON VIEW With Reference to statements published regarding the instability of the London butter and cheese markets, and that consequently a fall ra prices yeas pending, a representative of the Manawatu Standa-rd (Palmerston. North) ha 3 been informed by the secretary of several dairy companies, and the agent of a' large. Tooley-street\distributing house, that these remarks were, in their opinion, misleading and very much exaggerated. While admittedly there was. a slight easing of prices, the opinion was general that the outlook was fora good market during the coming season, both for butter and cheese. Amongst other allegations made was that, owing to the breaking of the drought in England a greater supply of tiome-mado cheese "was assured, but it was obvious to experienced dairymen, that the breaking ,of the drought had come to late to affect the production, of ■ English-made cheese. Moreover, one large firm which had an order to buy cheese at llgd per 1b was still open to negotiate at that figure. Its principals had not cabled instructions to reduce the limit. A further instance of the stability of the cheese .market was mentioned, cabled advices having been /received that sales of cheese were made at 136s per cwt in London, equal approximately to I®- | f.o.b. . ■ , .