DAIRY PRODUCE

Manawatu Standard, Volume L, Issue 112, 8 April 1930, Page 6

DAIRY PRODUCE

LONDON MARKET PRICES. " ANOTHER FALL. (By Telegraph—Special to Standard.) AUCKLAND, April ?. Another fall in dairy produce prices on the London market was recorded in cables received by Auckland merchants Finest grade / butter is selling at 1245, and cheeser at 755. , Advice was also received that the rates of advances on consignments had been again reduced. The rate on butter had been reduced Id to lid, and that on cheese §d to 6Jd. The following market report was received from a London office yesterday. “The butter market is disorganised under the . continued absence of any general demand. The finest generally is now 1245. Our best official quotation is nominally 130sDanish 140 s spot: 131 s f.o.b. The Danish quotation is now below pre-war. This year Danish farmers are losing heavi|y. Retail prices are now generally: Danish, Is sd; New Zealand, Is 4d; other kinds, Is 3d; and occasionally Is 2d. Deliveries, New Zealand 1442 tons; in stock 7234 tons. - “Cheese, white 74s ; coloured /6s. The market is very quiet.” Butter prices have not ruled so low for many years, except at thq end ot 1921, when the realisation of the surplus of controlled stocks caused a temporary fall below 120 s. A quick recovery was made from that extremely low level. , . .- , , The present position is rendered more unfortunate by the fact that it coincides with the period of the heaviest deliveries. y