BRIGHTER OUTLOOK

Evening Post, Volume CIX, Issue 139, 16 June 1930, Page 12

BRIGHTER OUTLOOK

BUTTER- AXD CHEESE

PRICES MOVE UPWARDS

LONDON. Utli June. A welcome change has come over the butler market since the; Whitsuntide holidays, and during the last few days buyers have beenI'inure' active than for a Ion;-? time past. Mr. Charles Wilson.- a member of the Australian Dairy L'roduce Hoard, Vchirncd j 1.0 "London after a two mouths' tour oi the Continent ■and: the industrial centres of Great Britain, investigating the position of the butter industry. Interviewed by the Australian Press Association, he said that he had gathered the impression that* Continental countries had increased their herds largely,, especially Germany. .During a visit to the North of England, lie fouud all multiple shops selling Danish, New Zealand, and a limited quantity of Australian at 15d a pound, -without any strong demand. Reviewing the position in London today, Mr. Wilson estimated that the visible stocks in Great Britain exceeded a million boxes, but thought that the market had now touched bottom. Blenders and multiple shops now are operating freely, apparently thinking it desirable to provide for their autumn arid winter reniiirements while prices are moderate. Their operations have raised the prices of choicest New Zealand butter to 134s per cwt, and Australian to 131s. These operations, of .course, -would only mean the transfer, of stocks in cold store from wholesale to multiple shops and blenders, and unless this butter is consumed before the end of the season, its presence here will influence the values of the new season's make.

Tli New Zealand Dairy Produce Board reports, London, 13th June: Butter:—, 13th June oth June per cwt. per cwt. New Zealand Salted ]30s-134s 1245-12Ss Unsalted ..-. WOs-HGs ]3Ss-142s First Whey ....... 122s 116s Second Whey USs 114s Deliveries New Zealand butter for the week, 10S2 tons, compared with 600 tons for the corresponding period of 1929. Stocks of New Zealand butter are 10,531 tons, compared with 8764 tons as at corresponding date of 1929. ■ The New Zealand Producers'" Co-opera-tive Marketing Association's weekly cabled market report states: "Butter: Demand is improving steadily owing to low retail price." Prices for butters other than New Zealand also show an advance, London prices at 13th June being as follow: Australian salted, 1275-130s; unsalted, 1275-130s; Argentine uusalted, 118s-1245; Irish cream, salted, 130s; unsalted, 1345; Danish, 131s f.0.b., 136s spot; Dutch unsalted, 128s-1325; Ksthonian, 1245-1265; Latvian, 1265; Siberian, 1225-1245; Polish, 965-118s. The board is advised that the market is firm, but retail prices are unchanged. The Danish retail price is to be increased to Is oil oil Monday next (to-day)." Dealing with the cheese market, the Dairy Board is advised that New Zealand has advanced by Is per cwt on the week for white and coloured, prices being 77s (o 7Ss for white and 83s to 84s for coloured. Canadian is 82s to 84s white and coloured, and Australian SOs to 82s for white and coloured. The market is steady but there is no change in retail prices. Finest English farmers' cheese is quiet at 845..