BUTTER MARKET FIRM

Hawke's Bay Tribune, Volume XXV, Issue 162, 25 June 1935, Page 5

BUTTER MARKET FIRM

London Prices Advance LAST WEEK’S QUOTATIONS The London butter market last week continued firm, prices of all butters steadily advancing. New Zealand butter closed firm at 88/- to 90/- a cwt., showing a rise of 3/- over the week and of 8/- since the beginning of June. The retail price of New Zealand butter was increased Id to Ud yesterday. Danish remaining at 1/-, and other butters at 9d. . Deliveries of New Zealand butter last week totalled 1447 tons, compared with 1157 tons a year ago. Australian deliveries amounted to 1377 tons, against 1761 tons a year ago. New Zealand butter in store totals 6175 tons tons, including 1534 tons ex Wairangi, Port Wellington and Rangitata, against 6088 tons for the previous week and 12,198 tons a year ago. Australian stored butter amounts to 8440 tons, against 8385 tons for the previous week and 9470 tons a year ago. The cheese market, which has shown a slight improvement recently, remained steady last week, prices showing a further slight advance. Deliveries of New Zealand cheese last week totalled 26,283 crates, against 20,030 crates a year ago, while the quantity in store totals 168,533 crates, including 18,280 crates ex Karamea and Port Wellington, against 142,254 crates a year ago. Canadian deliveries totalled 3128 boxes, against 7882 boxes a year ago, and the quantity in store was 45,209 boxes, compared with 62,230 boxes a year ago. The Dairy Board ,’s London office reports last week’s closing quotations as follow, those for the previous week being shown in parentheses:— BUTTER. New Zealand salted, 88/- to 90/(86/-); (June 21, 1934, 77/- to 78/-); (88/91/- equals approximately 10.36 d f.0.b.); unsalted, 86/- to 90/- (83/- to 86/-; June 21, 1934, 80/- to 84/-). Australian salted, 86/-, ex. 87/(84/-); unsalted, 85/- to 86/- (83/- to 84/-)-South Africa, 82/- (79/-). Irish cream, salted, 88/- (84/-); unsalted 90/- (84/- to 86/-). Danish, 102/- spot, 80/- f.o.b. (101/to 102/-, spot 78/-). Dutch, unsalted, 80/-, ex. 87/- (76/to 78/-, ex. 83/-). Estonian, unsalted, 80/- (78/-). Siberian, salted, 82/- to 84/- (79/- to 80/-). Ukranian salted, 81/- to 82/- (not quoted). Polish, salted, 74/- to 78/- (73/- to 74/-, ex. 75/-). Lithuanian, salted, 78/- to 80/- (not quoted); unsalted, 78/- to 82/- (75/- to 78/-). CHEESE. New Zealand white, 44/6 to 45/(44/-; June 21, 1934, 49/- to 49/6); (44/6 equals approx. 4.7 d. f.0.b.); coloured, 44/- to 44/6 (44/-; June 21, 1934, 47/- to 47/6) (44/- equals approx. 4.66 d. f.0.b.). Australian, white and coloured, 41/to 43/- (42/-). Canadian, white 62/- to 64/- (62/- to 64/-); coloured, 61/- to 64/- (62/- to 64/-). South Africa, white and coloured, 42/- to 43/- (42/-). English, finest farmers, 82/- to 90/(82/- to 90/-). English, factory cheese, 34/- to 42/(36/- to 44/-).