DAIRY PRODUCE TRADE.

Manawatu Standard, Volume LVI, Issue 190, 13 July 1936, Page 5

DAIRY PRODUCE TRADE.

BUTTER MARKET IMPROVES. CHEESE ABOVE 60s. The London butter market continued to improve last week, and closed steady at 114 s, a rise of 4s on the week. This is the highest price reached this year, and the equivalent value in New Zealand currency is 141 s. Considerable forward business has 'been done as prices up to Is 2RI per lb, f.0.b., July shipment. Deliveries of New Zealand butter last week totalled 1912 tons, compared with 1607 tons for the previous week and 1460 tons a year ago. Australian deliveries were 1178 tons, against 1054 tons a year ago. The Imperial Economic Committee’s estiniated stocks of all butters in store is 885,472 boxes, compared with 1.233,459 boxes a year ago and 1,766,170 boxes two years ago. New Zealand butter in store now totals 4221 tons, including 1389 tons ex the Rotorua, Waipawa, and Tamaroa, compared with 4222 tons for the previous week and 6940 tons a year ago. Australian stored butter amounts to 3596 tons, against 8754 tons a year ago. Cheese prices also improved lastweek, closing i-.'c 60s to 61s. Deliveries of New Zealand cheese last week totalled 23,864 crates, compared with 19,409 emtes a year ago, while the quantity in store is now 107,940 crates, including 10,680 crates ex the Tamaroa, against 162,047 crates a year ago-. Canadian deliveries were 4225 boxes:, compared with 2575 boxes a year ago, the quantity now- in store being 51.861 boxes, against 48,182 boxes a year ago. The Daily Board’s London office reports last week’s closing quotations ns follow, those for the previous week being shown in parentheses:—

BUTTER. New Zealand.—Salted (equals approximately 13.475 d f.0.b.), 113 sto 114 s (106 sto 10Ss-l09s; July Hi, 1935, 88s to 90s); unsalted, 114 s (107 s to 108*3, extra 110 s; July 10, 1935, 90s to 925). Australian.—Salted, 112 s to 113 s (105 s to 107 s); unsalted, 112 s to 113 s (105s-106s to 107 s). Argentine.—Unsalted, 101s-10-ls up to 105 s. Danish. —104 s f.0.b.. 124 s spot (96s and 117 s). Dutch. —Unsalted, 104 s to IOSs (98s to 100 s). Esthonian. —Salted and unsalted, 106.5 to 108 s (99s to 100 s). Siberian. —Salted, 107 s to 108 s (101 s to 103 s). Ukranian' —Salted, 108 s (102 s to 103 s). Polish.—Salted, 98s to 100 s (92s io 955). , , Lithunian.—Salted and unsalted, 108 s (09s to 100 s). CHEESE.

New Zealand.—White (equals approximately 6.73 d f.0.b.), 80s-60is Gd up to Gls (58s to 595; July 10, 1935, 44s to 455; coloured, 60s (58s to 59::; July 10, 1935, 44s to 44s Gd). Australian. —Coloured, 58s to 59s Gd (50s to 57s 6d). Canadian. —White, 68s to 70s (6/fs to 70s); coloured, 665; c.i.f., white and coloured, 62s Od (61s Cd); new season’s white and coloured, G2s to 645. English factory cheese.—s4s to 5/s (565). AGENTS’ REPORTS.

Rowson and Co., Ltd., report dated London, July 10:—Cheese: New Zealand, white, 61s per cwt.; coloured 60s Gd per cwt. Butter: New Zealand, finest grade, 114 s per cwt. Both markets steady. , , r . The New Zealand Producers Co-op-erative Marketing Association’s weekly cabled market report from London dated July 10 is as follows: —Butter : Market steady. New Zealand, 113 s no 114 s; Danish, 1255. Cheese: Market steady. New Zealand, white and colouved, GOs to 60s Gel. W. Wed del and Co., Ltd., report dated London, July 10:—Markets quiet. Butter: Danish, 1245; New Zealand finest, 113 s; Kangaroo finest 112 s. Cheese: New Zealand, white and coloured, 60s. , The Bank of New South M ales has received the following report, dated July 10, from its London office: —Butter: 114 s. Cheese: White and coloured, Gls.