BUTTER AND CHEESE.

Hawera Star, Volume XLVIII, 12 February 1925, Page 4

BUTTER AND CHEESE.

MARKET QUOTATIONS. REVIEW OF PROSPECTS. A compact picture of th estate of the London market for dairy produce is given in a special report, issued by Messrs A. 11. Turnbull and Co., New Zealand represent ati ves for Messrs W. Wedder and Co., London. The top London ’.v.ices for the last four weeks are given as below: Jan 16 Jan 25 lan 50 Fen 6 Danish butter 198 - 196/- 216/- 220/X.Z.. unsalteil 168/- 164/- 172/- 180/X.Z.. salted 160/- 158/-. 154/- 160/ N.Z. cheese, white ... 94/- 94/-j feV- 96/N.Z. cheese, coloured 94.'- 94/-' - 95,It will be seen that butter -weakened about Janaruy 23 and then improved considerably about the end of the month, but has again declined to a level of 160 s. The latest report is that the market is fairly steady at l p os, and in view of the fact that the Port Campbell. Hertford and Athenic, carrying about 2.500 tons, have arrived and are being cleared, it looks as though the market will remain steady during February, as the only other vessels to arrive are the Cumberland and Ruahinc, carrying a further 2500 tons between them, and due towards the end of the month. There is a small enquiry for February/ March make from London havers at round about Is 3M, with indications of being able to do slightly better with firm offers.

The arrivals of New Zealand butter in the United Kingdom during March, according to present allotments and sailings, will amount to practically 13,000 tons. The arrivals during March, 1023, were 6600 tons, and during March, 1924, 6800 tons, so that arrivals next month on present figures will show an increase of nearly 100 per cent, on the two previous vears.

It seems doubtful, therefore, whether the market will be able to stand up to the heavy arrivals, more especially during the first half of March., Australian shipment and production is still showing a very heavy increase on previous years, and the shipments from Australia during December were •just over 10,000 tons, as against 2000 tons for December, 1923. The cheese market is steady and shows a tendency to firm. Forward buyers have been indicating the possibility of business for February make at 8-id. but are not pressing for business at this figure.

The following statistics show a continued increase in the production of butter this season, and it certainly looks as though this year our butter production will reach a record. PUTTEE. 1923 J 924 1 925 Cwts Cwts Cwts Shipment* ffom N.Z. during January 164,000 112,000 177,000 Shipments 6 months to January <sl 690,000 658,000 695,000 (tradings January 184.000 164,000 208,000 Oradinars 0 months to January 31 897,000 783,000 960,000 Butter awaiting shinlnoiit- January 31 139.00 J 05.000 155.000 CHEESE, Orates (rates Crates

Shipments from N.Z. during January 115.000 148,J00 122.689 Shipments 6 months to January 31 334,000 474,000 454,000 Cwts Cwts Cwts (trading January 217.000 220.C.0 205,000 (tradings 6 months to January 31 635.000 290,900 836.000 Cheese awaiting shipment January 31 ... 187.000 168,800 190.000