DAIRY PRODUCE.

Hawera Star, Volume XLV, 16 January 1926, Page 8

DAIRY PRODUCE.

REVIEW OF MARKET. PROSPECTS DISCUSSED. London market conditions for butter and cheese for the last four weeks were reviewed in a report received y Messrs. W. Weddel and Co., Ltd., London. This report refers to the following matters: — BUTTER. The market has been somewhat irregular, being quoted as low as 162 s on the 29th December, rapidly recovering to 172 s to 176 s on the 4th January, but since then a further decline is manifest. At the time of writing (January 9; the market is steady. Messrs. W. Weddel and Co., Ltd., cable that they do not anticipate any very great improvement in prices for some time to come. The very heavy arrivals due in January must have a depressing effect on spot quotations and the best that can be hoped for is that the bulk >f these heavy arrivals will be cleared without forcing prices down unduly. It is worthy of note that New Zealand salted is quoted to-day at an equal value to Danish. 1725. CHEESE. Up to the time of writing, quotations have been practically nominal, although January arrivals of cheese are now reaching the market and New Zealand new season’s is quoted at 96s to, 98s, with a steady market. Canadian is quoted to-day at 104 s to 108 s. FORWARD SALES. Towards the end of December there was an enquiry for limited quantities of January make or shipment, and although a few sales were made at as lugu as Is 5d f.0.b., the demand was not sustained and buyers very shortly withdrew, and to-day are not very active even at Is 4sd f.o.b. PRODUCTION. Although butter production is below last season’s, as indicated by schedule given below, the decrease in Decembrr is not as great as the decrease in previous months. However, with the dry weather that is being experienced in. the butter producing districts, it is probable that the January gradings will show a considerable decrease on last year’s .figures. Cheese production shows a substantial increase and in spite of the generally adverse climatic conditions, we antiiepate that cheese production for the balance of the season will probably maintain the increase shown to date. Butter. 1924 1925 Cwts Cwts Shipments from N.Z. December ...... 193,000 156,000 For 5 months ending December 518,000 465,000 Gradings during December 232,000 219,000 For 5 months ending December 752,000 655,000 Butter awaiting shipment Dec. 31 .... 135,000 115,000 Cheese. Crates Crates Shipments from N.Z. . December 168,000 160,000 For 5 months ending December 331,000 306,000 Cwts Cwts Gradings for Dec. .. 236,000 260,000 For 5 months ending December 631,000 669,000 Cheese awaiting shipment Dec. 31 177,000 163,000 Eleven vessels were due to arrive in the United Kingdom carrying an aggre- ' gate quantity of 467,193 boxes of butter and 189,368 crates of cheese. xx comparison with last year showed th .t the quantity due to arrive this month was considerably in excess of that for January last year, the figures being:— 1925 1926 Tons Tons Butter 8225 11,680 Cheese 8523 13,526 Six vessels are due to arrive in February. The quantity of produce to be landed from them is not so great as in that month last year as indicated by this table:— 1925 1926 Tons Tons Butter 10,257 6043 Cheese 9,270 6355