DAIRY PRODUCE MARKET

Hawera Star, Volume LIII, 19 August 1933, Page 4

DAIRY PRODUCE MARKET

BUTTER AND CHEESE REVIEW CHEESE PRICES STEADY. CONTINUED ACTIVITY IN BUTTER Butter quotations.— This week: 91s to 925; steady. Last week : 89s ; steady. Last year : 107 sto llOs. Cheese quotations—• This week: White 49s to 50s, coloured 52s to 52s 6d; quiet. Last week: White 495, coloured 51s; quiet. Last year: White 595, coloured 60s. BIHTEIR, The early part- of the past week saw the Shutter market suddenly advance 2s to 3s per cwt and recent quotations show the- advance to have been maintained. The firm tone displayed lias led to a renewal of activity on the part of forward buyers. Several small sales are reported at per Jib for July-August ‘‘make” of but ter whilst it is understood some companies have received requests for firm offers ot prices ranging from 10 to lid per lb on the basis of finest grades. Shipments from New Zealand continue to be heavy, the figures for the month of July .being as follow: July 1933 : 10,299 tons. July 1932: 6,212 tons In spite of heavy shipments, how- * ever, increased London deliveries continue to make, an impression on Lonlon stocks which for the week ending * August II were : 1933 : 7775 tons. 1932: 4000 tons. Were it possible for the fall in stocks to ibe maintained at a similar rate to that of the past few weeks, then the position would be rendered much brighter, for the approaching season. The new season’s supply is increasing so rapidly, however, that it appears certain that heavy shipments of butter will reach the market before the old. season’s stocks have approached normal proportions. Much depends, in such event, oil climatic conditions in Continental exporting countries and the extent to which supplies of Dominion produce are drawn upon by these countries ’ markets. CHEESE.

Cheese quotations save for minor fluctuations, appear to have stabilised at to-day’s prices with the coloured article still maintaining a premium of approxiihatelv 2s per erwt.. No interest appears to be displayed Iby f.ojb. buyers and as a result offers to factories have recently been conspicuously by their absence. Steady shipments continue to go forward and the next few weeks should see the balance of last season’s produce shipped. London stocks continue at the abnormally high level of 134,343 crates, compared with 58,392 orates for the corresponding period of last year. Added to this is the fact that shipments from New Zealand for the month of July showed an increase of 166 Q tons over the figures for July of last yoar, while Canadian production is also stated to toe well maintained. Under the circumstances, therefore, the steady state of the market must toe considered satisfactory. Ohese shipped from New Zealand for tlie month of July comprised 70 per cent, white and 3Q per cent, coloured, of which 7jl per cent, was in consignment and 29 per cent, had been sold foS Figures for July, 1932, were white cheese 60 per cent., coloured cheese 40 per cent, cheese on consignment SO per cent., cheese sold 1.0. D. *2O per cent. LONDON MERCHANTS CABLE. Alessrs Henry A. Lane, Ltd., London have cabled the following market re*por,t to their Hiaweira office to-day: New Zealand butter 91s to 925; ihailcet quiet tout steady. New Zealand cheese,, white. 495, coloured 52s 6d, market quiet, tout slightly weaker. “A ‘ cable received by A. S Paterson and Co., Ltd., from J. and J- Lonsdale and Co. (London) statesi Butter, market quiet, buyers inactive, but un dertone firm; Danish 107 s; New Zealand and Australian fresh 92s .stored 90s to 91s; cheese, market dull, vhite cheese 49s to*49s 6d: coloured cheese 52s to 52s 6d.