SLOW MARKETS

Evening Post, Volume CXI, Issue 69, 23 March 1931, Page 12

SLOW MARKETS

BUTTER AND CHEESE

STATISTICS AND PRICES

• . LONDON, 21st March. Butter importers have been unable to maintain prices, and all descriptions have fallen by several shillings. The decline is the -greatest in Danish, which, undoubtedly is feeling the competition of Australian and New Zealand, thanks to the Empire Marketing Board's efforts to push Empire butters in the North of' England. ■ iFine, warm weather is causing a slight increase in, production on the Continent, consequently the demand has diminished. Among other causes of the decline are the willingness' of some holders of cheaplybought butter "to accept a smaller profit, and lower c.i.f.' offers fpr shipments from Australia^, and {New -'Zealand. >■ Froni the Dairy Board's London weekly statement of deliveries and stocks in the United -Kingdom the statistical position of butter'is favourable to a better market tone for New Zealand butter and cheese. The board's stock returns for the week ended 20th March are as follow:— ' <, 20tli Mar., 20th Mar.. Stocks. - ■' 1931. 1930 N.Z. Butter, tons 5310 7082 Aust. butter, tons ...... 875 -2420 N.Z. cheese,1 crates .... 130,624 109,644 Canadian cheese, boxes 119,534 122,729 But both markets are ■ described ' as "slow." Prices comparing as follows: — . 20th March. 13th March. per cwt. per cwt. Butter. Shillings. Shillings. N.Z. salted 116,-HS 118-120 - N.Z. unsalted .* 124-128 124-128 . Ist whey 112 114 2nd whey 110 . 112 Danish, spot ....... 134-186 140-142 Other imported butters are generally down by 2s per,cwt. on the week. Retail prices for butter are:—New Zealand, Is 3d per lb; Danish, Is, sd, the same as last week. ' Cheese is unchanged, prices being as follows: — ' I ■ 20th Mar. 13th Mar. per cwt. per cwt. N.Z. white -55-57 ■ 55-57 ■ N.Z. coloured -557-50 • 57-53-Canadan, white 74-78 74-78 Canadian, coloured ..,' 74-78 • 74-78 English farmer 100-106 -100-106 Retail price 'New Zealand ■ cheese, 9d. ' The New_ Zealand Producers Co-opera-tive Marketing Association's weekly cabled market report from' London, dated 20th March, is as follows:-—Butter: Market slow; New Zealand 116s to 118s, unsalte'd 124s to 128s; Danish, 134s to 1365. Cheese: Market, slow; New Zealand white 55s to 565, coloured 57s to 5Ss; Canadian white 74s to 765; coloured 74s to 78s. "BUTTER WEAK." Messrs. Joseph Nathan and Co., Ltd., have to-day received the following market report from Messrs. Trengrouse and Nathan, Ltd., London, dated 21st March: "New Zealand butter, 116s per cwt; market weak, chiefly owing to c.i.f. buyers taking profit. New Zealand cheese, white 55s per cw"t, coloured 575; market weak."