BUTTER PRICES FIRM

Hawke's Bay Tribune, Volume XXIV, Issue 83, 20 March 1934, Page 11

BUTTER PRICES FIRM

N.Z. Advanced 3/- a Cwt. CHEESE MARKET STEADY An improvement in the London butter market last week brought the prices of New Zealand salted butter up to 72/- for first grade and 73/- for finest, an advance of 3/- a cwt. on the week. Australian also had a similarrise to 70/71/-. Danish quotations were unchanged. The retail price of Danish butter was unchanged at 1/- a lb. and that of New Zealand remained at 9d, but multiple shops in some districts will advance to lOd to-day. Deliveries of New Zealand butter last week were 2481 tons, compared with 1889 tons the previous week. The quantity of New Zealand butter in store had increased to 8935 tons, compared with 8588 tons the previous week and 7076 tons a year ago. The cheese market was steady last week, white showing a rise of 1/- and coloured 6d a cwt. The Dairy Board’s London office reports Friday’s official closing quotations as follow, those for the previous week being shown in parentheses:— BUTTER. New Zealand, salted, 72/- to 73/,69/- to 70/-; March 16, 1933, 77/. to 80/-); 72/73/- equals 8.3 d f.o.b. Unsalted, 71/- to 72/. (69/- to 70/-; March 16, 1933, 76/- to 78/-). Deliveries, New Zealand, 2481 tons. In store, 8935 tons, includes 607 tons ex Avelona Star. Australian, salted, 70/- to 71/- (fillto 68/-); unsalted, 70/- to 71/-. Deliveries, Australian, 2455 tons. In store, 6940 tons. Argentine, unsalted, 66/-, 68/- to 70/- (66/. to 68/-). South Africa, salted, 65/- to 68/-. Danish 68/- f.0.b.; 92/- spot (68/-; 92/-). Dutch, unsalted, 84/- to 88/- (92/- to 96/-). Latvian unsalted, 71/- to 72/(72/-). Esthonian, unsalted, 71/- to 72/-. The board has also received the following advice from its agents id Canada:—Butter: New York, 24 cents; Montreal, 29 cents a lb. CHEESE. New Zealand, white, 13/6 to 44/(4.6 d f.0.b.) (42/6 to 43/-); coloured, 44/- to 44/6 ( 4.68 d f.0.b.) (’>3/6 to

44/-). Deliveries, New Zealand, 22,260 crates. In store, 97,610 crates. Canadian, white and coloured 50/to 54/- to 56/- (52/- to 56/-).' Deliveries, Canadian, 5867 boxes. In store, 1'39,261 boxes. English finest farmers, 90/- to 94/(quiet) (90/- to 94/-).