DAIRY PRODUCE MARKET

Hawera Star, Volume LIII, 26 August 1933, Page 4

DAIRY PRODUCE MARKET

BUTTER AND CHEESE REVIEW BUTTER PRICES FIRM. \ . QUIET MARKET FOR CHEESE. Butter quotations: This week. —90s to 91s. Quiet but firm. _ . , Last week.— 91s to 925. Quiet. Last year.—loßs to 110 s. Cheese quotations: This week.—White 47s to 48s; coloured obs. Quiet. Last week. —White 495; coloured ols 6d to 52 s 6d. Steady. Last vear.—White 625; coloured 58s.

BUTTER. A quieter market is reported in this week’s cables with a firm tone still prevailing. The London stocks position is fast assuming a healthier aspect, due to the maintenance of deliveries at a figure well in advance of that for the corresponding period of last year, and the brighter outlook can, to a large extent, be ascribed to these features. ; Actual figures for London stocks ior the week ending August 18, compared with the corresponding week of last vbar, are as follow: „ .* Tons 1030 3500 1933 :::: , eioo London deliveries for the same period were: _ Tons 1 qqo 1450 1933 :::::::: 2100 Whilst forward buyers have been active during the week at prices ranging up to IOJd per lb f.0.b., a notable feature of such offers has been the disinclination of buyers to commit themselves very far ahead (the majority of bids being for August make only). This, of course, is readily understood when the fluctuations of last season’s markets are recalled. Under the existing conditions', the fact that forward buyers are still prepared to operate, coupled with the fact that heavy accumulations of last season’s produce are fast being absorbed, must be regarded as. eminently satisfactory to producers and offers a brighter outlook for the new season s goods. CHEESE. A slight easing in cheese prices and a lack "of interest on the part of forward buyers, are the features of chis week’s markets. The present position must largely be attributed to the position of London stocks which at ...ugust 18 were: Crates. iqQo 53,000 1933 133,905 In marked contrast to butter, London deliveries of cheese continue at a low level and do not appear to be able to make an impression on stocks. Apart from this fact, stocks of Canadian cheese are reported to be much below normal while Australian cheese is practically off the market. London deliveries of New Zealand cheese can, therefore, be regarded as distinctly disappointing, more so when the recent spell of warm weather at Home is borne in mind. Most companies have now commenced the manufacture of cheese ana early reports show an increase on last season’s production figures. It is to I be hoped, therefore, that the present I unsatisfactory state of the stocks posi--1 tion is remedied before the arrival of he new season’s early shipments. Average London retail prices of ' New Zealand cheese remain at 6d per lb.

' LONDON MERCHANT’S CABLE Messrs Henry A. Dane and Co., Ltd. Hawera, have to-day received the following market report by cable from their London office: Butter, New Zealand 90s to 91s; market quiet but firm; cheese, New Zealand white 48s, coloured ols; market quiet, small business doing.