PRODUCE PRICES

Hokitika Guardian, 9 August 1928, Page 4

PRODUCE PRICES

CHRISTCHURCH, August 7. The following are the top quotations for the last four weeks ending:—

Danish butter, July 13th, 182 s; July 20th, 184 s; July 27th, 18Is; August 4th, 183 s. New Zealand, unsaltcd, July 13th, 186 s; July 20th, 188 s; July 27tii, 188 s; August 4th, 190 s. New Zealand, salted, July 13th, 182 s; July 20th, 186 s; July 27th, 184 s; August 4th, 184 s. New Zealand cheese, white, July 13th, 112 s; July 20th, 112 s; July 27th, 110 s; August 4th, 112 s. New Zealand cheese, coloured, July 13ta, 112 s; July 20th, tl’2.s; July 27th, 110 s; August 4th, Ills. It will be seen that with the exception of unsalted butter, which is now in short supply, the market generally shows some weakness, with a slight fall in prices during the past week. Messrs W. Weddel and Co. Ltd. explain the position by cable as follows — Both butter and cheese prices have advanced owing to hot and dry weather both in the United Kingdom and in the Continental dairying districts. Production lias been severely curtailed, resulting in heavy forward buying by merchants to protect themselves against a possible shortage between tlio seasons of tlio Northern ail 1 Sou them Hemispheres. Better conditions then prevailed an.l buyers withdrew, leaving the spos market somewhat uncertain with slightly lower values. The market close 1 steady and there is little likelihood o! any material alteration in prices in the immediate future. Slocks afloat and in the United Kingdom are considerably lighter than is usual at this perio 1 of the year, but against that the liigho.' range of market values lias impede! consumption. Coming to new season’s output, business both with flic United Kingdom and Canada lias been quiet., and in sales of importance recorded since our last report. Cheese. —London market closed very firm with values up to 112 s. Durin ; the past month there have been good buying orders from the United Kingdom and many factories have sold their make to the end of December at prices uo to 9)d per lb 1.0. b. and in a few cases at 9jd for the season. At the moment, forward buyers have retired, having secured their immediate requirements, but everything points to a most favourable season for our cheese factories. May we take the opportunity of wishing your company and its suppliers a very prosperous new season.