DAIRY BOARD’S REPORT

Manawatu Times, Volume LII, Issue 3577, 7 April 1927, Page 9

DAIRY BOARD’S REPORT

SALES AND AVERAGE PRICES. The Board has received the following market report from its London Agency dated Ist. April 1927; —• Butter New Zealand, Salted 1/4/27, 152/-, 154/-, 25/3/27 150/-, 152 A; Unsalted 1/4/27, 160/-, 164/-, 25/3/27 160/-. 162/-. Market finishing quietly steady. quota well sold up. Australian Salted 1/4/27, 150/-, 154/-, 25/3/27, 150/-, 152/-: Unsalted 11/4/27, 156/-, 162/-, 25/3/27, 156/-, v -ICO/-; Argentine Finest” 1/4/27 152/-, 156/-, 25/3/27 148/-, 152/-; Dutch, Unsalted 1/4/27. 176/-, J7B/-, 25/3/27, 176/-, 178/-; Danish 1/4/27, 182/-, 184/-, 25/8/27. 178/-. Retail prices unchanged. Continental markets continue quiet, Cheese. N.Z. Coloured, 1/4/27, 77/-, 78/-, 25/3/27 (78/-, 80/-; White 1/4/27, 7C/-, 78/-; Market steady hut quiet Canadian white and coloured 1/4/27, 92/-, 94/-, 25/3/27, 94/-, 96/-; Market steady. English Finest Farmers 1/4/27, 3 20/-, 124/- stocks small; Retail price reduced to.ldd. SALES.—For the period from 18th to 26th March (inclusive) the following quantities of dairy produce under the control of the Board have been sold in Great Britain:—• Average prico on. London, market Creamery butter, 101,604 boxes 14S/Cheese 58,296 crates 76/Whoy butter .. 2,378 boxes. 137/5 The fixed weekly quota for the week ending 2nd April has been sold at an average price of about 150/for butter and 76/- for cheese, hut details will bo given In the next sales circular. For tho. guidance of factories the following is the general position:— Second Butter Pool.—Gradings up to approximately first week in December have been sold at an average price of 158/- per cwt, on-the London market, equivalent to approximately 1/3 per lb. f.o.b. Cheese Pool.—Cheese has been sold up to approximately middle December gradings ,■ at an average price of 84/9 on the London market. Whey Butter P001.:—14,409 boxes have been sold out of 15,420 boxes arrived in United Kingdom to, date at an average price of 146/- on Lon-j don market, or ' equivalent to 1/1-2 f.o.b. covering gradings to * approximately middle December. At. present whey butter is selling at equivalent to T2|d. f.o.b. Directors will of course bear in mind that any subsequent sales at a lower price than tho average shown above will reduce the general average of the pool.