DAIRY PRODUCE MARKET.

Manawatu Standard, Volume LVI, Issue 196, 20 July 1936, Page 5

DAIRY PRODUCE MARKET.

BUTTER REACHES 118 s. CHEESE PRICES IMPROVE. The London butter market showed a further improvement last week, Now Zealand finest salted advancing to 118 s a ewt, with the market closing firm at that level. The New Zealand retail price is now Is Id to Is 2d a lb, with Danish at Is 2d and Is 3d. Dclievorics of New Zealand but ter last week totalled 2163 tons, compared with 1912 tons for the previous week, and 1450 tons a year ago. Australian deliveries were 1239 tons, against 1404 tons a year ago. New Zealand butter' in store now totals 5174 tons, compared with 4221 tons for the previous week, and 6994 tons a year ago. Australian stored butter amounts to 3764 tons, against 8646 tons a year ago. Cheese prices also improved last week, closing firm at 62s to 62s 6d. Deliveries of New Zealand cheese last week totalled 22,431 crates,,compared with 19,379 crates a year ago, while the quantity in store as now 93,746 crates, against 162,452 crates a year ago. Canadian deliveries were 4253 boxes, against 4354 boxes a year ago. The Dairy Board's London office reports last, week’s closing quotations as follows, those for the previous week being shown in parentheses:— BUTTER. New Zealand.- Salted (equals approximately 13.79 d f.0.b.), 115 s to 117 s (113 s to 114 a; "July 17. 1935', 88s 1o 90s); unsaltcd, 117 s to 118 s (114 s; July 17, 1935, 945). Australian. —Salted, 114 s to 116 s (112 s to 113 s); unsaltcd. libs to life (112 s to 113 s). Argentine.—TJnsaltcd, 105 sto 106 s (101 s, 104 s to 105 s). Danish.—lo7s f.0.b., 127 s to 123 s spot (104 s and 1245). Dutch. —Unsaltcd 108 s to 112 s (104 s to 108 a). Estlionian. —Salted and unsaltcd, 112 s (106 s to 108 s). Ukrainian. —Sailed. 110 sto 112 s (108 s). Lithuanian.—Salted and ' unsaltcd, 110 s (103 s). CHEESE. New Zealand.—White (equals approximately 6.95 d f.0.b.), 62s to 62s 6d (60s, 60s 6d to .61s; July 17. 1935, 43s 6d to 445); coloured, 61a 6d to 62a (60s; July 17, 1935, 43s 6d to 445). Canadian. —White, 68s to 71s (68s to 70s); coloured, 70s (665): c.i.f., white and coloured, 64s (62s 6d): new season’s, white and coloured, 64s (62s to 645). MINIMUM F. 0.8. PRICES. The Dairy Board has fixed the minimum prices for f.o.b. and c.i.f. sales on the basis of-.—Butter, 14d; cheese, 6 3-4 d. The minimum prices are subject to agents’ selling commission of 1 2 per cent. The prices are equivalent to Ills 9d c.i.f.e. for butter and 57s 2d c.i.f.e. for cheese. AGENTS’ REPORTS. W. Weddel and Co., Ltd., report dated London, July 17:— Market firm. Butter: Danish, 128 s: New Zealand, blest, 117 s; K:i.garoo, finest, 116 s. Cheese: New Zealand, white, 62s 6d: coloured, 625. The Now Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report from London,' dated July 17 is as follows:—Butter: Market firm. New Zealand, 116 s to 117 s; Danish, 187 s to 128 s Cheese: Market steady. • Now Zeal nd. while, 62s to 62s 6d: coloured, 61s to 61s 6d. Joseph Nathan and Co., Ltd., have received the following cabled advice, dated July 17: —Now Zealand butter: 117 sto 118 s” per ewt: firm. New Zealand cheese: White, 62s 6d: coloured, 61s 6d- per ewt; fU Rowson and Co., Ltd., report dated London July 17:-Cbeese New Zealand, white, 62s 6d ner ewt: co’oured. 62s per ewt. Butter: New Zealand, finest, grade, 118 s per ewt. Both markets firm with good denirnd.