DAIRY PRODUCE

Hawera Star, Volume XLVI, 14 February 1927, Page 5

DAIRY PRODUCE

MESSRS A. H. TURNBULL AND CO.’S REPORT.

The following are the top London quotations for the past four weeks: —

Butter: The only alteration recorded since our last report is an advance in Danish of Is per ewt., bringing the premium to 14s. The result of this greater margin lias been a slightly better demand for New Zealand. The Control Board advised average sales of New Zealand butter at 22,000 boxes per week for the two weeks ending February 4, which is a weekly increase of 4000 over the previous fortnight. Arrivals for the month from February 4 onwards amount to approximately 60,000 boxes per week, so that it is obvious that a very much betterMemand for Now Zealand butter will have to lie created to prevent the continued accumulation of stocks. Our estimate of unsold new season’s controlled stocks in London, as at February 4, .is approximately 232.000 boxes. From the figures we give: at the foot of this, report it will be seen that the production of butter this season shows a considerable increase on last year, and .is almost up to die- record season of 1925. The stocks of butter in .store at January 31 are very much heavier than .last year. Shipments! from now on must, of necessity, be proportionately greater than they in the past. The 'latest reports from Australia are that production has again increased, and that average quantities "’ill b? exported during the next two or three months.

Cheese: 'Our estimate of cheese stocks on February 4 in London is 86,000 crates. The Control Board report, however, that cheese sales during the fortnight averaged approximately 1000 tons oer week. Although there' are heavy arrivals of New Zealand cheese during February, we anticipate that the sales wi’,! increase very considerably, and in view <*'• tlie fact that from now until about the end of June, Canadian cheese will lie in very scarce supply, the preson V accumulation and also arrivals-in the near future, should be cleared within the next month or so. The production this season to the end of January is a. record over a’J previous years, and as stocks in New Zealand at January 31 amounted to some 12,500 tons, ‘•here is a possibility that our arrivals from July onward* may be too heavy, and coming into competition with the early arrivals from Canada, a weakening in the market may then occur. In the meantime, however, cheese quotations should remain fairly steady. GR ADINGS AND SHIPMENTS. (In tons).

Butter. Jan. Jan.. Jan. Feb 14 21 29 5 s. 6. s. s. Danish 178 176 184 188 N.Z. unsaitod . 184 184 184 184 N.Z. salted 174 174 174. 174 N.Z. .stored . 164 166 168 1'68 N.Z. white Che see. 94 94 94 94 N.Z. cooured ... 95 95 95 95

Batter. 1925. 1926 1927. Graded in Jan. 10,400 8,600 10,000 Six rnos. end Jan. 48,000 41,396 45,673 Ini store Jan. 31 7,750 9,000 12,500 Shipments for Jan. 8,800 5,500 5,737 Cheese. Graded, January 10,250 10,400 11,000 Six mos. end Jan. 41,800 43.800 44,800 In store Jan. 31 9,500 9.400 12,000 Shipments, Januan ■ 8.785 8,140 8.140