BUTTER MARKET

Evening Post, Volume CXX, Issue 140, 10 December 1935, Page 12

BUTTER MARKET

A FURTHER DECLINE

Joseph Nathan and Company, Ltd have received from their principals' Trengrouse and Nathan, Ltd., London the following cabled advice, dated De^ cember 9: —

New Zealand Butter.—Bßs to 89s per cwt. The market is weak.

New Zealand Cheese.—White, 51s 6d to 52s per cwt; coloured, 54s 6d to 55s The market is steadier.

JAPANESE DAIRYING

REMARKABLE PROGRESS

Prospects of a market for New Zealand dairy products in Japan do not appear rosy, for within ten years butter production in the Hokkaido district of Japan has risen from To.OOOlb to a record of 5,000,0001b The production of cheese for 1935 is estimated at 3,720,7961b, an increase of 19.7 per cent, over that of 1934. Ten years ago the Hokkaido Cheese and Butter Manufacturing and Sales Guild Federation was founded, and this organisation has been largely responsible for the increase.

An article in the "Japanese Advertiser" indicates that last year's butter production made a new record at 3,920,0001b, but demand has been rising steadily, and Hokkaido farmers have been working hard to meet it. Last year Hokkaido produced 24,000,000 gallons of milk, of which between 60 and 70 per cent, is used for butter and cheese. The balance went into condensed milk. Casein, a by-product of buttermaking, is used in paper manufacturing, the veneer industry, and elsewhere, and the demand has been increasing. There* are now four casein factories in operation, and the federation expects domestic production to stop imports in time. Production in 1934 was 1,188,7001b, and the figure this year is expected to be 1,368,3801b, increasing to 1,677,0001b in 1936, to 1,899,7201b in 1937, and to 6,352,0701b in 1943. . This presupposes a very substantial increase in the dairying industry. The Kyodo Native Condensed Milk Co. was founded on Awaji Island, Hyogo, with the announced intention of forcing imported brands of condensed milk out of the Oriental trade, and it is considered that it will compete in price and quality with the imported article in the markets which the latter has enjoyed so far.