DAIRY PRODUCE MARKET

Hawera Star, Volume LII, 3 September 1932, Page 4

DAIRY PRODUCE MARKET

BUTTER AND CHEESE REVIEW good rise in better i CHEESE PRICES REMAIN STEADY Butter quotations: This weak: 110 s to Ills; firm. Last week ; 107 s to 108 s; qiuct. •Last year. 112 s. Cheese quotations: 'This week: White 62s 6d, coloured 575; steady. ■ , Last week: White 62s 6d, cploured CJs; quiet. Last year: White 60s to 61s, coloured 63».

BUTTER

To-day’s quotations show an improvement. ot 3s per cwt. over last week’s report and the trading conditions aie for a firm market. Oft an f.o.b. basis N.Z. butter is worth, approximately 11.3 d per lb. There are indications of buyers being interested in forward sales at prices up to 11-Jd per ]b. on. the basis or finest grade, for early Litt) e butter is available in South Taranaki and those quantities are mostly first grade. Australian quotations are also 3s .higher and the Danish market .has finned by 16s per cwt. on an f.o.b. basis. The retail prices of N.Z. butter remain unchanged at an average of Is Id per lb. and Danish at Is 2d per

Deliveries of butter for the week are on a, par with last- year and the estimated stocks in store are just hglf ot those quoted last year. ' ■ The Empire Marketing Board s estimated stocks of all butters in store *vt August 20 is >859.936 boxes as against ©91,538 boxes' at the- same date last year. ; , ... , Recent shipments of butter ha\e been fairly heavy, but quantities aie mostly accounted for by • Auckland allotments. The Port Alma carried about 29,000 boxes, the Ruthme 31.200 boxes, and the Taranaki 35,000 boxes.

CHEESE. No alteration is quoted in the cheese market during the week. White cheese retains an extremely wide premium over coloured cheese. , F.o.b. buyers- still indicate 6d pbr lb. for early shipments. White cheese is preferred, for at to-day’s quotations the value of coloured cheese is fully on e halfpenny per lb. below white. No sales are reported in the province although there. still remains for shipment) some of last season’s make. Alo.st factories find it more suitable to manufacture coloured cheese tor the, opening weeks of the season. Whether the unsatisfactory out-turn, of the coloured cheese is the whole cause of. the margin is not known, but 'there can be no doubt that the cou • Riderabie amount of coloured cnees* opened up in a mottled condition has a lot to do with the slow market for that type. F.o.b. buyers also are not anxious to make contracts for coloured until some further investigation been made. The usual premium .or coloured is always accounted for by the law of supply and demand. It has been proven over a Jong period that the market can absorb and at least recompense the manufacturer for die extra cost of coloured cheese if the quantities exported range about 33 per cent, of the make. . • Average London retail prices ot New Zealand" cheese are unchanged at <Sd per lb. It is interesting to note that this average price has remained unchanged since the first week in January of this year. The market has averaged about 58s to 60s over this period and the English consumers- must now be used to an eightpenny retail price. This is a useful price for the retailer and customer as it does not call foi the breaking of the penny, in the sale of quarter or half pounds. The reported stocks of N.Z. cheese remain at about- half last year’s quantities. i The first of the new . season s make Is now Beaching the grading stores, and in a few weeks large quantities will be going forward. . Dairymen generally are not dissatisfied with the early season conditions, but are now looking for more springlike weather than August afforded.

LONDON MERCHANTS’ CABLES Messrs Henry A. Lane and Co. Ltd., London, have" to-day forwarded Hie following cabled advice to their Hawera office: New Zealand butter, 110 s to Ills; market firm. Australian Butter, 102 sto 104 s. Danish butter, 108 s f.0.b.. New Zealand cheese, white, 62s 6d, coloured's7s; market steady. GanadiaA cheese, 62s c-.i.L-A cable from Messrs Lonsdale Ltd., London, states: Butter market firmer, New Zealand 110 s to Ills; Australian 102 sto 103 s. Cheese, white, market firm, 62s to 635; coloured, improving 55s tp 58s.