BUTTER AND CHEESE.

Manawatu Standard, Volume LV, Issue 234, 31 August 1935, Page 8

BUTTER AND CHEESE.

PRICES AND STATISTICS

SOME INTERESTING FIGURES.

The Dairy Board’s annual report, which, covers production, prices and shipping for the past season, shows that, although considerably less dairy produce was shipped for the past season. more f.o.b. and c.i.f. sales were made. Despite a reduction in the quantity of cheese exported, the price of New Zealand cheese on the London market has not responded. Owing to the British Government’s policy ot paying a subsidy on fresh milk, there has been a larger increased quantity produced, with a corresponding increase in the manufacture of factory choose in Great Britain. Prices rose from 11s in August, 1934, to 54s in November, but by May of this year the price was back to 445. The report shows that for this season 18 per cent was sold f.o.b. or c.i.f., as against t per cent last year, clearly indicating that the board’s fixation of minimum prices did not interfere with sales. Prices at which sales were made, and the board’s minimum prices for the same period, arc given in the report, and these indicate that in every instance sales were double. For butter a slightly higher average return is showing as against the pievious year. The season opened on August 1, 1934. with butter round about 80s, and the lowest point was reached in October at 645. The market rose early in the year to 925, falling gradually to the end of March, when it stood at thereafter rising until the end of May, it reached 82s. The percentage of the season’s make sold f.o.b or c.i.f. was 18 per cent, and in every instance the board’s minimum price was below that which offered. Only a small quantity of unsalted butter, amounting to 4947 tons was made, this showing an increase of approximately 300 tons over that sent forward the previous year.