DAIRY PRODUCE.

Manawatu Standard, Volume LIX, Issue 164, 13 June 1939, Page 7

DAIRY PRODUCE.

BUTTER PRICES RISE. SHARP ADVANCE IN CHEESE. A further advance took place last week in the price of butter in London. New Zealand choicest salted butter was quoted on Friday at 117 s to 118 s, a rise of from 3s to 4s a cwt on the week. A year ago the price was 120 s to 121 s a cwt. 'Fbe latest quotation is i?till well below the London equivalent of the New Zealand guaranteed price of 124 s3d a cwt. According to the cabled report supplied by the Primary Products Alarketing Department to the Do-iiy Board, the market was quieter at the end of the week. Friday’s closing quotations, with tlioso of the'" previous week in parentheses, were as follows: New Zealand.—Salted, 117 s to llos (114 s; u year ago, 120 s to 121 s); unsulted, 118 s to 120 s (115 s to 116 s; a year ago, 123* to 1245). Australian. —Sailed, 115 s to 116 s (112 s); unsalted, 115 s to 117 s (113 s to 114 s). Danish. —105 s f.o.b. ; 126 sto 127 s spot; (935; 1225). Market firm. Dutch. — Unsalted, 112 sto 113 s, ex 115 s (103 s to 110 b). Irish creamery.—Salted, 117 s (113 s). Lithuanian. — Unsaltcd, 113 slo 114 s (110 s to 112.-). Polish.—Salted and unsaltcd, 110 sto 112 s (105 s to 109 s). South African. —112 s to 113 s. Tho retail price of New Zealand butter was increased last week from Is Id to Is 2d a lb, that of Danish remaining unchanged at Is 3d. The present price of 118 s is equal to approximately 14.09 d a lb, f.0.b., New Zealand ports, compared with the guaranteed price of 14.89 d a lb, f.o.b. The London equivalent of the guarantod price is 124 s3d a cwt. The equivalent price of cheese is about 6.57 d a lb, f.0.b., compared with the guaranteed price of 8.42 d. Deliveries of New Zealand butter from store last week totalled 1715 tons. r J bo quantity in store, including 636 lons ex Dominion Monarch. Imperial Star and Port, Brisbane, was 5558 tons, as against 3407 tons a year ago. Deliveries of Australian butter wore 748 tons, the quantity in store being 2554 tons, as against 4988 tons a year ago. The Imperial Economic Committee estimates the stocks of .'ill butter in store at 789,109 boxes, compared with 934,141 boxes a year ago. CHEESE VALUES. There was a- sharp rise in the price of ehee.se last week, New Zealand advancing by from os 6d to 7s a cwt. to 595-60 s. Friday’s closing quotations, with those of the previous week in parentheses, were as follow New Zealand. —White. 59s to 60s (52s 6d to 535; a year ago, 68s 6d) ; coloured, 59s to 60s (53s to 53s 6tl; a year ago. 68s 6d). Australian. —White and coloured, 56s to 575. Gnnadian.—White, 71s to 72s (71s to 725); coloured, 71s to 73s (71s to 725) ; e.i.f., 56s (51s to 525); old season’s coloured. 82s (82s). Market steady. English.— Finest farmers’, 90s lo 100 s (90s to 100 s) ; factory cheese, 51?. youth African.—White and coloured, 52s to 56s (51s 6d to 525). The retail price of New Zealand choose advanced from 6d lo 7d a lb hint week. Deliveries of New Zealand cheese from store last wok were 21,265 crates. The quantity in store, including 16,650 crates ex Dominion Monarch and Imperial Star, was .109,701 crates, compared with 66.805 crates a year ago. Deliveries of Canadian choose last week were 3414 boxes, the quality in store being 75,531 boxes, as against 64.085 boxes a year ago. Gradings of cheese in New Zealand for the week ended Juno 3 totalled 5941 crates, of which 3754 crates were white and 2187 crates coloured.