COMMERCIAL NEWS

Evening Post, Volume CXV, Issue 40, 17 February 1933, Page 3

COMMERCIAL NEWS

HIGHEE OUTPUT

AND THE SELLING PROBLEM

The attempt of primary producing countries to counter the price-fall by means of greater production, stimulated in some cases by lowering the oversea value of their currencies—an attempt, as we now see, that is vjtally influenced by the question whether .'consuming markets will continue to absorb the greater production— is reflected in New Zealand's export statistics, and particularly in the figures of butter and cheese production and shipment contained in. circular No. 503 of the New Zealand Dairy Produce Board, 'just issued. ■ : ■ ' INCREASED TONNAGES. For the six months ended January. 31, shipments of New Zealand butter increased by 12,628"t0n5, Australian by 9336 tons; and shipments of New Zealand cheese increased by 0539 -tons, Australian by 1366 tons. So the aggregate increased tonnages are: —Butter, 21,904; cheese, 7905. The board's figures show that shipments of butter from the Dominion during the six months of the present season ended i January 31 totalled 64,223 tons, an increase of 12,628 tons, compared, with the 51,595 tons during the six months of j 1931-32. Shipments during January were 12,298 tons, as against 9085 tons in January, 1932, an increase of 3213 tons. Thei quantity of cheese shipped during the first-six months of this season was 46,088 tons, compared with 39,549 tons for the same period in 1931-32, an increase of 6539 tons. Shipments of cheese during January were 12,362 tons, compared with 10,302 ia ■ January, 1932, an increase of 2060 tons. . Of the butter shipped last month 82 per cent. was. consigned and 18 per cent, sold f.0.b., compared with 88 per cent, consigned and 12 per cent, sold f.0.b.-in January, 1932. Of the cheese shipped last month 99.39 per cent, was consigned and .61 per cent, sold f.0.b., as against 96 per cent, consigned and 4 per cent, sold f.0.b.. in January, 1932. Last month's shipments: comprised 75 per cent, white cheese and 25 per cent, coloured, compared with 70: per cent, white and 30 per cent, coloured in January, 1932. / . Australia's shipments of butter, for the six months ended January totalled 59,686 tons, . as "against. 50,350" tons for: the corresponding period- of last season, an increase: of 9336 tons. Shipments of Australian cheese to Britain during the six months were 3490 tons, as. against 2124 tons for the: same period last, season, an [increase of 1366 tons. Shipments of butter from the Argentine to Britain during the six months were 6940 tons, as against 9002 tons, a decrease, of 2062 tons. AT THE BUyiNG END. of butter and cheese into Britain from all sources during the January month of ihe last three years compare as follows:^ ~ ■;■/'■■-•' ~ BUTTER.:

Jan.; Jan., Jan., 1933. 1932 : 1931 Tons. Tons. Tons. Russia 260 145 — Finland 748 917 910 Estonia 36 74 8 Sweden 901 661 837 Denmark 8,664 8,693 7,918 Netherlands ..... 110 114 189 Argentine 1,287 2,583 2,563 Irish Free State . 59 .88 ■ 148 Australia ' 12,049 8,158 0,556 Ne\y Zealand ... 12,665 12,776 11,530 Other countries . 485 350 111 Total tons .. 37,264 35,559 .33,770 ■ . CHEESE. Netherlands ... 527 701 659 Italy 297 402 501 Australia 479 488 686 ".New Zealand ... 10,837 9,88.0 9,506 Canada ■» ... ' 114 422 47 Other' countries . *281 156 268 j Total tons „ .. 12,535 12,148 11,667 The, shipments and destinations of the dairy produce exported from New Zealand for the sis months' period' compare as follows:— BUTTER. Six months to January 31. 1932-33. 1931-32. T , Tons. Tons. London 50,286 42,068 Avonmouth and Cardiff 3,175 2.062 Liverpool 2,863 2,466 Manchester 3,788 2,058 Glasgow 2,955 2,252 Canada 397 13 Honolulu r.... 122 156: Panama 386 . 327 Other, countries 1 251 193 Total tons 64,223 ' 51,595 CHEESE. v London 38,629 31,205 Avonmouth and Cardiff 2,138 2 394 Liverpool 1, 595 lm Manchester \ 993 2 ,0S5 GfSOW ]ifl73 1938 Other countries 60 41 Total tons- 4 6j 08S 33,519