DAIRY PRODUCE POSITION

Evening Post, Volume CXIII, Issue 19, 24 January 1927, Page 11

DAIRY PRODUCE POSITION

The New Zealand Dairy Produce Board has received the following cablegram from the London office of the board, dated 22nd January:—

"Butter—Prices unaltered. Australian, salted L 166s to 170s; Australian, unsalted, 170s to 1745; stored, 162s to 1645. Argentine, 156s to 160s. Dutch unsalted, 188s to 1925. Danish, 1765.

"F.o.b. Copenhagen price now advanced 172s to 174s and cleared.

"Market remains quiet, new season's best, but last two days, showed improved demand. Anticipate continued improvement. Considerable sale stored, round 1645. Retail prices unchanged. France, Germany, markets unchanged. "Total New Zealand, Australian; and Argentine butter afloat 20th January, 420,000 compared with 699,000 last year.

"Cheese—New Zealand.prices unchanged; Market firm, with steady demand. Australian finest coloured, 93s to 945. Stocks practically cleared. Canadian finest white and coloured, 96s to 100s. Demand steady. English finest farmers, 108s to 112s. Good demand. Retail prices unchanged.

"New Zealand and Australian. cheese afloat 20th January, shows 50,000 crates less same date 1926."

The board has also received the following cable advice from its agent in Canada, dated 22nd January:—"Butter, New York, 47% cents (ls^ ll%d). Statistical position improving. • Montreal. 41% cents (Is 8%d); San Francisco, 49 cents (2s o%d). Cheese —Montreal 19% cents (9%d). Market firm." ■ .• ■ ■

The High Commissioner's produce cablegram for the week shows U itter and cheese prices as follow:—

"Butter —Lower-priced descriptions sold readily. Finest slow. Official quotations are:—

"New Zealand—Finest salted (new season's), 172s to 174s per cwt (Is 6%d per lb); unsalted, 182s to 184s per cwt (Is 7%d to Is 7%d per lb); other qualities, 150s to lC6s per cwt (Is 4d to Is 5%d per lb); finest (stored) to 166s per cwt, Is 5%d to Is 5%d per lb). New Zealand Control Board minimum prices are: Finest, 174s per cwt (Is 6%d per lb); first grade. 172s per cwt (Is OHd per lb). ' AustralianSalted, 166s to 170s per cwt ((Is 5%d to Is 6Jid per lb); exceptional, 172s per cwt (Is 6%d per lb); unsalted, 170s to 174s per cwt (Is 6Hd to Is '6%d per lb); other qualities, 146s to 164s per cwt (Is 3%d to Is 5%d per lb). Argentine: Unsalted, 156s to 160s per cwt (Is 4%d to Is 5d per lb); other qualities, 144s to 154b per cwt (Is 3%d to Is 4%d per lb). Danish, 176s per cwt (Is 6%d per lb). Official quotations for cheese are: English finest farmers, demand is good, 108s to 112s per cwt ((ll%d to Is per lb). Canadian: Finest coloured and white, steady 96s to 100s per cwt (10|d to 10jd per lb); exceptional, 100s per cwt' (10% d per lb); white, 96s to 98s per ■cwt'(lo»4d to 10jd pr lb). New Zealand: Market quiet for finest, steady demand for first and sec-

ond grade. Control Board minimum prices are: Coloured, finest, 95s per cwt (10% d per lb); first grade, Q4s per cwt (lOd per lb); white, finest, 04s per cwt (lOd per lb); first grade, 93s per cwt (9%d per lb). Australian: Coloured, stocks almost exhausted, 93s to 94s per ewt (9%d to lOd. per lb).