BUTTER MARKET QUIET.

Manawatu Standard, Volume LIX, Issue 94, 21 March 1939, Page 5

BUTTER MARKET QUIET.

CHEESE SLOW

There was no change in tho London butter market last week, prices remaining unchanged in a quiet market, according to the cabled report supplied by the Primary Products Marketing Department to the Dairy Board. Friday’s closing quotations, with those of the previous week in parentheses, were as follow: New Zealand salted, 118 s (118 s; a year ago, 119 s to 120 s); unsalted, 122 s (1225; a year ago, 122 s to 1235). Australian, salted, 117 s (115 sto 116 s); unsalted, 118 s (116 s to 117 s). Danish, 114 s f.0.b., 135 sto 136 s spot (118 s: 140 s to 141 s). * Dutch, unsalted, 114 s to 115 s; ex. 118 s (114 s to 115 s). Polish, salted and unsalted, 115 s (114 s).

South Africa, 113 s to 115 s (112 s to 114 s). The retail price of New Zealand butjcr last week was Is 3d and Is 2d a lb, with Danish Id lower at Is 4d.

The present price of 118 s is equal to approximately 14.03 d a lb. f.0.b.. New Zealand ports, compared with the guaranteed price of 14.89rl a lb f.o.b. The London equivalent of the guaranteed price is 124 s 3d a ewt. The equivalent price of cheese i* about 6.7 d a lb. f.0.b.. compared with the guaranteed price of 8.24 d.

Deliveries of New Zealand butter from store last week wore 1731 tons, compared with 1914 tons for the previous week, and 2350 tons a year ago. The quantity in store last Friday, including 1330 tons cx the Port Alma and Port Sydney, was 5.175 tons, against 4806 tons a year ago. Deliveries of Australian butter last week were 2097 tons, and the quantity in store 4949 tons, compared with 2702 tons a year ago. 'l'he Imperial Economic Committee’s estimated stocks of all butters in store last week was 765.020 boxes, compared with 475 238 boxes a year ago.

The cheese market continued slow last week, the price of New' Zealand. 60s a ewt., showing a further decline of 2s on the week. Friday’s closing quotations with those for the previous week in parentheses, were as follow: New Zealand, white and coloured, 60s (625; a year ago. 70s). Australian, white. 54s to 57s (55s to 58s); coloured, 56s to 58s (58s to 60*). Canadian, while and coloured, 72- to 73s (72* to 745); old season’s coloured, 82s (63s 6d). English, finest farmers’, 86s to 96s (86s to 96«): factory cheese. 62s (62* to 645). Deliveries of New Zealand cheese from store l?*«f week were 14.013 erat.es. against 18 019 crates a year ago. The quantity in store last Friday wn.s 73.363 crates, compared with 46.726 era los a year ago. Deliveries of Canadian cheese la-t week were 4894 boxes, and the quantity in store 97.029 boxes, against 79.118 boxes a year ago. f’heese gradings for the week ended Mirrh 11 wore 20 365 crates of white, and 10 655 crates of coloured, a total of 31,021 crates.