DAIRY PRODUCE.

Hawera Star, Volume XLVI, 6 May 1926, Page 5

DAIRY PRODUCE.

O’N A FREE: MARKET. PROSPECTS NOT PROMISING. Writing on March IS, and without any .marked anticipation of a strike and the consequent fixing of prices, Messrs W. Wed del and Go., Ltd,, estimated that there would be a shortage in arrivals from Australia and New Zealand during March, April, May and June of something over 20,000 tons, as compared with last year and this they esti mated would set. off the quantity of butter held in various cool stores throughout the United Kingdom. It was estimated that New Zealand butter. talone during ,Aipiil, May, June and July would show a shortage of close on 9000 tons, as compared with last year. It therefore seems from the statistical position that .the arrivals of Australian land New Zealand butter are likely to. be considerably short, compared with last year, and this should help the position very considerably, a. 4 soon as the flush of Northern Hemisphere butter is past. Although q notations have been at .round .about 170 s to 'l76s for the last few months, buyers have not shown any keen interest and it appears as though, trade was slack. Undoubtedly the fact that so much butter is still held off the market, is making buyers continue their hand to mouth policy and it is unlikely that they will be tempted, to lay in heavy stocks for some li.ttile time to come. The cheese .market is certainly weaker and our latest advices are that the market .is .slow. There are heavy stocks of Australian and New Zealand cheese afloat, and although the list shows a .shortage of from 2000 to 3000 tons, .as compared with, last year’s arrivals during April to July, it must :be borne in mind that there are very heavy stocks held in New Zealand at the present time, and consequently our arrivals of cheese during August and September will. no doubt, be considerably heavier than they were for the corresponding months last year, and will have to be marketed in competition with the Canadian flush. Altogether the immediate outlook for cheese cannot be considered very bright.