BUTTER AND CHEESE

Hawera & Normanby Star, Volume XLVIII, Issue XLVIII, 12 January 1924, Page 11

BUTTER AND CHEESE

MARKET REPORT.

fc Messrs W. Weddel and Co., Ltd have cabled quotations for butter and looked as though prices would go lower but m spite of the heavy shipment which are being made, the spot market has again firmed. Quotations have now been at a high level for some considerable time, and although th« statistical position' is sound' and there is a possibility of a shortage of butter stocks in the United Kingdom durine the next few months, it must be remembered that butter, at the presen high level, is beyond the reach of a arge proportion of th© consuming pubic and is undoubtedly at a dangerous; level. I Cheese.—The spot market has re-' maw«d remarkably steady in face of, the heavy shipments afloat, but Lon-1 don buyers are anticipating a heavy de- • chne. Recently forward sales of cheese' for December shipment have been made at round about BJd nett ro.b., but London forward buyers'at the present time are more inclined to reduce their ideas to Bsd. Australia.—There have been heavy I rams in Australia, and although this rain will be too late to have much effect' on the exportable surplus" from Australia, it will mean that they will have sufficient for their local market and it is unlikely that Australia will be calling on New Zealand for anyvlarge supplies of butter this winter. j The following figures show the statistical position with regard to gradingi and shipments of butter and cheese: — » Butter.—Shipments from N.Z. Decemr: l^\£'MßP ewt '* 1922 > 15$>5<x> cwt; 1923, 120,00Qcwt, Shipments five months to December 31: 1921, 352,500 cwt; 1922, 526,500cwt; 1923, 445!500 cwt. Gradings' December: 1921, }63,000ewt; 1922, 195,000cwt; 1923, 186,000cwt. Gnßlinge 5 months, to December 31: 1921, 500,000cwt. ; 1922, 713,000cwt; 1923, 618,000cwt. Butter awaiting shipment December 31: 1921 89,000cwt; 1922, 119,000'; 1923; 94,000 cwt. * i Cheese.—Shipments from N.Z. December: 1921, 131,000 crates; 1922,' 109,000 crates; 1923, 149,000 crates.! Shipments 5 months to December 31: 1921, 260,000 crates; 1922, 219,000 crates; 1923, 326,000 crates. Gradings December: 1921, 200.000 cwt; "1922.' 212,000 cwt; 1923, 232;000 cwt. Gradings 5 months to December 31: 1921, 515,000 cwt; 1922, 448,000 ewt> 1923, 670,000 cwt. Cheese awaiting shipment December 31: 1922, 83,000 cwt; . 1923, 107,000 cwt. • We again lay stress on the very heavy cheese production and shipments as compared with the two previous seasons. Allotments of cheese_for January and early February sailings amount to 230,000 crates* and with these increased shipments, we think a fall in the^market is inevitable. j