PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXV, Issue 63, 16 March 1933, Page 14

PRODUCE & MARKET REPORTS FROM DAY TO DAY

DAIRY EXPORTS

SUBSTANTIAL INCREASE

BRITISH IMPORTS "Evening Post," March 16. Exports of New Zealand dairy produce for the season August. 1, 1932, to February 28, 1933, compared, with those for the corresponding period of last season, are reported by the Dairy Board as follows:— BUTTER. | Season Season ■n ~ .. 1032-33 1931-32 Destinations. Tons. Tons. | London 57.69,5 . 49,976 Avonmouth and Cardiff 4,25S 2 735 Liverpool 3,840 3J56 Manchester 4,682 2,553 .Glasgow 3,92(i 2,915 Canada 401 13 Honolulu 140 175 Panama ■ 4Srt 3SO New York ■..' 25 — ' Others 283 255 '. Totals 75,787 62,257 Increases in exports of butter for the current season over last season, 13,530 tons. . CHEESE. • Season Season .-- 1932-33 1031-32 Tons. Tons. London 40.21S 3S 015 --svonmoutk and Cardiff 3.035 3,250 Liverpool 2,367 2,541 Manchester 2,875 2.876 Glasgow ■■ ......;. 2,892 ' 2^669 Others ' 65 46 Totals ..;.. 57,482 49,406 Increases in. exports of cheese for this" season amount, to 8076 tons and almost all of it to the United Kingdom. AUSTRALIAN EXPORTS. \ The competition of Australia, with its increasing butter production and lower price, is acutely felt by. New Zealand; The board s reports show augmentations this season (August 1 to February 28) in its record of Australian exports of butter to the United Kingdom, and the position is as follows:— • . Season Season ' .1933. 1932. _.-,,- ' Tons. Tons. Butter exports ....... 70,335 57,204 Cheese exports '3,907 2,164 Australia, it should be remembered, has the advantage; of the Paterson scheme, by which an artificially enhanced local price is used to compensate exporters for lower free on- board values; also Australia has a valuable butter trade with the Far East and Netherlands Indies. Argentine butter exports to the United Kingdom are declining, and for the period in review (August 1 to February 28) show a decline of from 10,657 tons.last year to 7880 for this'year. ■.: From these- three sources of supply of butter to the United Kingdom for. the month of: February only'this year 22,053 tons were exported, compared with 19,028 tons last year, Australia showing by far the greater increase. • • BRITISH IMPORTS. In January and February of this year Great Britain imported 68,594 tons of butter from all countries, the chief being as follows:— / Denmark, 17,240 tons; Australia, 21,236; New Zealand, 22,202; Argentine, 286. The Irish Free State contributed but 83 tons for January and February, compared with 191 tons for the corresponding months of 1932. . ■ -. _ New Zealand -leads in the British imports of cheese for the two' months in review, providing 20,826 tons out of a total of 24,090 tons, of which Ca'dada ' (winter months) contributed only. 181 tons. ... ■ . . BUTTER RE-EXPORTS. .The British re-export trade in butter is of particular interest to New Zealand, as a fair quantity of butter sent to the United Kingdom is sent elsewhere. During the month of February 362 tons only were re-exported, as against 3869 tons in February of 1932. This trade may be regarded as now nominal on the showing of the above returns. -; THE STOCK POSITION. The board's advices of estimated stocks of butter and cheese as at March 1 this year, with estimates of March 1, 1932, in parentheses, are as follows:— • All butters in London and provincial stores and undischarged vessels, 25,550 tons (16,500); stocks in New Zealand and afloat, 40,032 tons (32,587). Cheese, New Zealand, Canadian, and Australian combined in United Kingdom, 12,696 tons (14,319); stocks in New Zealand and afloat, 35,036 tons (30.424). Total cheese in sijjht 47,732 tons (44,743). - THE MARKETSvTODAY, Joseph Nathan and Co., Ltd., have received from their principals, Trengrouse and Nathan, Ltd., London, the following cabled advice, dated March 15:—"New Zealand butter. 79s per ewt; New Zealand cheese, white 445, coloured 50s. Both markets are quiet but firm with good demand." ■ ,■ >■ . A. H. Turabull and Co., Ltd., have received cabled advice.from their principals, W. Weddel and Co:i Ltd., London, March 15, as follows:—"Danish • butter, 98s per ewt; New Zealand finest, 76s to 70s; 'Kangaroo* (Australian), 74s to -775. Market ■ steady.: "New Zealand white cheese, 43s to 44s per ewt; New Zealand coloured, 49s to 51s. Market firm." . The New Zealand Loan and Mercantile Agency .Company, Limited, has received •the following advice from its London house, dated March 15:—"Butter, New Zealand choicest salted, 78s per ewt. Cheese, white, 43s to 44s per ewt. Cheese., coloured, 49s per ewt. Market firm."