BUTTER PRICES DOWN
NEW ZEALAND AT 84/DANISH ALSO DROPS. The decline in prices for New Zealand butter on the London market continues, a drop of 2s having occurred over the last week. Choicest salted is now quoted at 84s, against 86s last week and 93s at this time last year. Danish has fallen by 4s to 116 s, compared with 126 s last February. The market for all butter is lifeless. The London quotation of 84s is equal to approximately 9.62 d per lb., f.0.b., New Zealand ports, compared with the guaranteed price of 12.565 d. Cheese values also have shown a decline. White is selling at 525, a drop of Is on the week, and coloured at 51s Gd, a decrease of Gd. Australian cheese is scarce. A Press Association message sent from London on Thursday states the butter market is lifeless. Danish is quoted at 116 s; choicest salted Australia and New Zealand at 84s; unsalted New Zealand at 925; and unsalted Australian at 90s-81s. Cheese: New Zealand, white, 525; coloured, 51s Gd.
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Bibliographic details
King Country Chronicle, Volume XXXI, Issue 4958, 20 February 1937, Page 5
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175BUTTER PRICES DOWN King Country Chronicle, Volume XXXI, Issue 4958, 20 February 1937, Page 5
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