DAIRYING PRODUCE.

Manawatu Standard, Volume XLIII, Issue 421, 12 June 1922, Page 5

DAIRYING PRODUCE.

SHARP RISE. IN BUTTER PRICES. CHEESE MARKET STRONG. Received June 12, 8.5 a.m. LONDON, June 10. The dry, hot weather during the pastmonth is restricting the output of British, Irish and Continental butter. The fears of another drought like that of last year have caused a sharp rise in prices. The multiple shopownors and blenders have been buying colonial butter freely in order to ensure their supplies, and as a result there is hardly a box available in Tooley Street.

This week tho Ballarat’s cargo of 40,556 boxes was sold before it was discharged, and though over 300,000 boxes of Australian and New Zealand butler are due to arrive in June, there is likely to be insufiicionl to meet the demands for another week nr so. Later on, too, there appears a probability that supplies will bo short, for the total quantity afloat from Australia and Now Zealand is considerably below that for the corrosnonding period of 1021.

The cheese market is strong, this being chiefly duo to Americans purchasing Canadian largely in anticipation of the tariff on Ist July imposing a -duty of seven cents per pound. It is estimated that the Americans have bought an amount equal to three weeks’ Canadian shipments to Britain, which otherwise would have been shipped here, and the hot weather is stimulating consumption.—A. and N.Z. cable.