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BUTTER MARKET

DEMAND IMPROVES

CHEESE PRICES STEADY

The Dairy Board, by arrangement with the Marketing Department, reports that at the close of business in London on Saturday the New Zealand butter market, after a quiet opening, had an improved demand at the end of the week. Prices quoted for salt butters, with those for the week before, were:— June 23. July 1. Per cwt. Per cwt. . New Zealand . 113/- to 119/- 119/- to 120/Australtan .. 113/- to 114/- 113/- to 111/Danish, spot . 124/- to 125/- 124/- to 125/Polish 105/- to 108/- 107/- to 108/Irish 117/- 118/South African 112/- 107/- to 111/Dutch 109/- to 110/- 109/Danish butter is retailing at Is 3d per lb. Unsalted butter quotations are as follows:—New Zealand, 119s to 121s per cwt; Australian. 112s to 114s; Dutch, 109s to 112s; Lithuanian, 109s to 110s; Polish. 107s to 108s. THE CHEESE MARKET. » The market for New Zealand cheese was advised as "steady." Wholesale prices for cheese compare as follows: — June 23. July 1. Per cwt. Per cwt. New ZealandWhite 03/-.to 05/ ' 64/6 to 05/Coloured 06/- to 6"/- 67/Australlan— ~ , ... White 59/- to 61/- uO/- to 02,Coloured 60/- to 62/- 62/- lo 04/Canadian — _~._.,, White 71/- to .2/- .2/- to ,k./Coloured 71/- to 72/- ,2,-toio/-RETAIL PRICEfc, Retail orices, for New Zealand butter ano cheese are reported by the Marketing Department as ls 2d ocr lb and in some shops 8d per lb for lb for butter, unchanged: and 7d per cheese. BUTTER AND CHEESE THE MATTER OF SUPPLIES (By Air Mail from "The Post's" London Representative.) LONDON, June 15. Fairly heavy quantities of butter from the Southern Hemisphere are being received at United Kingdom ports, last week's supplies including 211,100 boxes from this source, comprising 168,000 boxes from New Zealand anci 43,100 boxes from Australia. In addition, a further 266,000 boxes were due to arrive from New Zealand and Australia. •••-,,_ While gradings in New Zealand during May were reported to be 55 per cent, less than in May last year, with stocks in store at the end of the month 4300. tons less than a year earlier, it is reported that Australian gradings in May were' nearly 300 per cent, over the figure for May, 1938, although output in the Commonwealth is now declining. Stocks of butter in cold storage in Great Britain. increased by the equivalent of 26,600 boxes during the four weeks ended June 3, but on that date were 145,000 boxes below last year's corresponding figure. While trade for butter had made a considerable recovery, with quotations for both the box and the cask commodity showing an increase of several shillings over recent prices, the market is now quieter and lower values are expected to prevail in the near future. The demand for imported cheese has been slow for some time, with a sharp decline in quotations, but a marked recovery all round is now being maintained. Prices for finest white and coloured New Zealand cheese has been about 25 per cent, below the corresponding level for.last year, as compared with a 7 per cent, drop ih Canadian prices. The latest official returns state that arrivals of New Zealand cheese in May totalled 88,300 crates, as against 136,500 crates in April and 85,800 crates in May last year. With the figures for a year earlier in parentheses, the prospective arrivals for the next three months are as follows:—June, 133,200 crates (118,800); July, 111,500 (121,500); August, 82,800 (73,800). At the same time, it is noted that gradings of New Zealand cheese during May were 23 per cent, below last year's corresponding figure, while stocks in store in New Zealand at the end of the month were 500 tons less than a year ago. Only 7000 crates of Australian cheese were received at United Kingdom ports during May, as compared with 14,100 crates in May last year, but 16,600 crates are expected to arrive from this source during June, as compared with 14,200 crates a year ago. Arrivals from South Africa during the month totalled 3700 crates, as against 3800 crates in May last year, but no further shipments have been advised for arrival during the current month. Some 49,700 boxes of Canadian cheese were received, as against 47,700 boxes a year earlier. Offerings for grading in Canada have been 4 per cent, above last year's corresponding figure, but offerings during May were little heavier than in the same month last year. The market is now firm and quotations for Southern Hemisphere cheese have risen considerably.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19390704.2.135.16

Bibliographic details

Evening Post, Volume CXXVIII, Issue 3, 4 July 1939, Page 12

Word Count
745

BUTTER MARKET Evening Post, Volume CXXVIII, Issue 3, 4 July 1939, Page 12

BUTTER MARKET Evening Post, Volume CXXVIII, Issue 3, 4 July 1939, Page 12

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