DAIRY PRODUCE.

Hawera Star, Volume XLVI, 11 July 1927, Page 10

DAIRY PRODUCE.

LONDON AIARKET PROSPECTS. AIA RICED lAIPROYEMENT FORECASTED. In their monthly review of the London dairy produce markets A. 11. Turnbull, Dominion agents for Alessrs. W. Weddel and Co., state: — “Butter. —There has been little movement in prices and that the rise in values during the first half of .Tune was quite temporary. It was anticipated that on the abandonment of compulsory control some improvement in market conditions would materialise, but this movement met with severe competition from the exceptionally heavy Northern Hemisphere production and sales of colonial descriptions were slow. Weather conditions in the North continue to be favourable to production and the make is now nearing its peak. Further, there has been hut very limited speculative buying up 1o the present, but our caljles report that a renewed interest is anticipated in the near future. The trend of prices during the past five years show invariably a short drop in London values during .Tune or early July, coinciding with the northern peak of production; the ascending line then varies in grade, but records show the rate of advance to depend very greatly upon weather conditions, and the resultant extension or curtailment of tin season in the Northern Hemisphere. “Taking these facts into consideration, and with the present strong statistical position, we are of the opinion that juices will show marked improvement in (lie near future, witli a possible sharp rise immediately there is any pronounced decline in Northern production. “'Cheese'. —The season in Canada has been very backward and the absence' of heavy offerings from that ejnarter during June caused an upward movement late in Alay. This carried on ti!! the* middle' eif June, when the* elrop in butte 1 ! - price's not only eliceke'd the advance, but caused a .sentimental fall in values. Alessrs. \V. Wedded and Co.. LI el., re • | >e> r t that e - oiismn|itieni ci'iitiime's lei he* geioil and that they have* a goeid opinion of the future'.’