DAIRY PRODUCE

Hokitika Guardian, 29 August 1930, Page 7

DAIRY PRODUCE

1 i MARKET REPORT. - BUTTER. '. ' ‘’• \ \ • . . % To-admit; inclusion o'f the import tabletiom the monthly Board of Trfideß'eturns, six weeks have been allotted to ‘ elapse since the issue of our lftst report. On reference to these figures, Yit/will be seen that the total importations of butter from all sources during the; month of. June exceeded thit|df -the previous month by 3,621 tons, for the six months commenting, January, the increase, as compared wit blast year, amounts to 3,331 tons.-; When in conjunction with these figures •it is remembered that stocks in-'cold store here are very heavy and thit considerable quantity still awaits shipment*." from New Zealand, it will reftdily .be realised that 'for the present' there is far from any scarcity of butter. Meantime, since our last report a very welcome improvement has taken plAce ln the market and values are full 8s to 10s per cwt.. higher than the lowest figures, touched during the depressing period of May last. For some Weeks back' Germany has been a pretty free-buyer of Danish and other Continetal descriptions with the result that quotations for these butters have advanced appreciably, a factor which has no doubt considerably helped to improve the demand for New Zealand, Australia, : and Argentine butters in tjjiis market. During the past fornight however ,;the market generally has been much quieter , and values are just a ■hade easier.

- - NEW ZEALAND. ’/The month opened very quietly but towards end of the first week an improvement in the demand set it. Buying became pretty general and for following- three weeks prices advanced steadily. ; The first two weeks of July, However, have been distinctly quiet-and. recent quotations have been i Unsalted is still scayceivai>d ;: Commands a. premium or 12s to l4s per cwt. over. salted. \ .AUSTRALIAN. • p ‘ . Verysipiilar : conditions to that of N*w' while ; price fluctuations for finest “Rangarop” quality have been almost Supplies of secondary, and glrades aresscarce and consequently: realise comparatively high pricey but no premium can now be made for unsalted - descriptions. ARGENTINE. £ Although/ somewhat slower to res* pond, the .demand eventually improved and values .gradually advanced, but with ft more limited outlet, barely to thrssmei sitent as other descriptions. AN. \ Supplies' received so' far are very

much less than those usually to hand at this period of the year, with the result that comparatively high prices have Jt> een maintained. DANISH. As stated above, continued Continental buying has been responsible for a steady advance in price, latest quotaations being in the neighbourhood of 143 s per cwt. if.o.b., equivalent to about 1,48 s London. CHEESE. Sto far as New Zealand cheese is concerned, the market throughout has been very disappointing. The deniand has beqn spasmodic and values have at no time advanced more than 2s to 3s per cew, At the close they are practically on ,a par with those last recorded. Canadian cable offers, if anything, have been, slightly; easier, being at the close* around. 79s to 80s per cwt. c.i.f., for best sections.