DAIRY PRODUCE.

Hawera Star, Volume XLVIII, 15 January 1929, Page 8

DAIRY PRODUCE.

LATEST LONDON QUOTATIONS. Tlio New Zealand Dairy Produce Board has received tire following market re-p-ort from its London office, dated January 11: BUTTER. . New Zealand-.—Salted, 184 sto 188 s; unsalted. 194 sto 196 s ; first whey 184 s; second whey, 1765. Australian.—Finest salted, 184 s to 186 s; unsalted, 184 s to 190 s. Argentine.—Fine>st unsalted, 178 s to 182 s. Danish.—lß9s< f.0.b., 192 s to 196 s -spot. Dutch. —II n salted, 2COs to 2025. i .Siberian. I —lßos. Market steady. New Zealand retail price unchanged. Is lOd; Danish retail price to- Is lid. CHEESE.

New Zealand. —White, 93s to 95s ; coloured., 95s to 975. Deliveries, in New Zealand this week, 39,000 orates. In store in New Zealand this week, 43,000 crates'.

Canadian.—White. 108 s to 112 s; coloured, 106 s to 110 s. English.—Finest farmers’, 142 s to 1445. Market improved after quiet week. Retail prices unchanged. Port Darwin commenced discharge cheese, January 4; butter, January 5; completed January 7. Rimutaka commenced discharge, cheese January 5, finished January 9; butter, January 7.

Mataroa, commenced discharge cheese January 7. finished January 9.

A periodical review of the London dairy markets issued by Messrs A. H. Turnbull and Co., (Wellington) on Thursday, states as follows : “Cabled prices show a steady advance in values. Thursday’s quotation being 186 s to 188 s with firm market. Messrs W. Weddel and C'., Ltd., cable that the rapid decline in Australian gradings owing to dry weather resulted in heavy inter-state buying and almost eliminating the export trade. Further, the declared stocks in London on January I are extremely light, resulting in, a further -buying wave in New Zealand.

“Sales have resulted during the present week at Is 6d f.0.b., for prompt January shipment, Is 5Jd for January and February and Is 54d for January February and March. Present prosX>ects are good and an advancing market in London may be expected. Gradings are appended and show that the rate of increase during the first half of the season has not been maintained during December, butter being on a par with December of last year. “Cheese. —Tho market in London continued firm until the end of December and further f.o.b. sales were made for the second half of the season’s make, prices ranging from 9d to -9 l-16d. Colder weather experienced in United Kingdom curtailed consumption resulting in a weakening in spot prices and the withdrawal of forward buyers from the New Zealand market meantime.”

The Farmers’ Co-operative Organisation Society of New Zealand, Ltd., have received tlie following cabled advice from their London representatives :

Butter.—Market firm, but quiet, after good demand at the beginning of this week. At present the prices are: New Zealand 184 s to 186 s; Australian 182 s to 184 s; Argentine 172 s to 180 s. Cheese.—Bather steadier after weakness; 94s to 965.