Butter and Cheese

Manawatu Times, Volume LV, Issue 6865, 23 May 1932, Page 10

Butter and Cheese

A DEMORALISED MARKET 1 Messrs. Samuel Page and Son, London, report as follows under date May ID: — Butter; The market is demoralised. Danish, 9S/ to 100/ (104/ to 106?); New Zealand, finest salted 93/ to 95/ (96/ to 97/); Australian, finest unsalted 92/ to 94/ (95/ to 97/); finest salted 92/ to 94/ (95/ to 97/), good average quality 88/ to 90/ (90/ to 94/). Cheese: The market is slow and quotations are nominal. New Zealand, white 55/ to 56/ (57/ to SS/), coloured 55/ to 56/ (SS/); Canadian spot white 66/ to 72/ (6S/ to 72/), spot coloured 66/ to 72/ (6S/ to 72/), c.i.f. 52/ to 53/. DAIRY BOARD’S REPORT The New Zealand Dairy Produce Board has received tho following market report, dated May 20, from its London office:— Butter New Zealand: Salted, 93/ to 95/ per cwt. (95/ to 97/); unsalted, 94/, 96/, up to 98/ (96/ to 100/). Deliveries of New Zealand, 12S0 tons; in store, 4457 tons. Australian: Salted: 93/ to 95/ (94/ to 96/); unsalted, 94/ to 95/ (95/ to 96/). Deliveries of Australian, 1062 tons; in store, 1275 tons. Argentine: Unsaltcd, 84/, SO/, up to SS/ (90/ to 92/). South African: S 6/ to 90/ (SS/ to 94/). Danish: F.0.b., S 5/ (SS/); spot, 102/ (104/ to 105/). Dutch: Unsaltcd, 110/ to 112/ (124/ j to 12S/). Siberian: Unsalted, 92/ (93/ to 94/). Tho market is slow. New Zealand has been reduced to 1/ per lb. retail, and Danish to 1/1. Tho Empiro Marketing Board’s estimate of stocks of all butters in store at May 14 is- 460,434 boxes, as compared with 485,204 boxes at the corresponding dato last year. Cheese New Zealand: White and coloured, 55/, 56/, up to 57/ per cwt. (57/ to 58/). Deliveries of New Zealand, 17,421 crates; in store, 81,000 cratos. South African: White, 54/ (56/). Canadian: White and coloured, 08/ to 72/ (6S/ to 72/). Deliveries of Canadian, 2500 boxes; in store, 78,235 boxes. The market is slow. New Zealand is still retailing at Bd. Messrs. Samuel Page and Son, of London, write as follows under date April 7:— From the date of our last survey up to the Easter holidays the demand for butter of all kinds was slow, and the principal feature of note was a further heavy decline in tho f.o.b. valuo’of Danish. This quotation dropped to 96/ in the middle of March, and it is therefore a matter for congratulation that values of New Zealand and Australian recoded only 2/ to 3/, while Danish was falling so fast. Since the holidays Danish lias steadied at about 100/ f.0.b., while the demand for Australian has been consistently good. This, in turn, has favourably affected the sale of New Zealand, and the market to-day is firm, if somewhat quiet. It is interesting to note that at 100/ f.o.b. the Danish exporter is receiving less for his produce than the Australian and New Zealand shippers. A further notable featuro of tho market is the shortage of underpriced descriptions; available supplies sell readily and command almost the price of finest. Figures published in the Board ot Trade Journal show a striking increase in the consumption of butter in this country during the last six years, estimated at 51b. per head of the population. In 1924 the total make of butter in Great Britain was 067,000 cwt. and tho total importation 5,096,000 cwt., representing a consumption of 255,150 tons. In 1930 tho make in Great Britain had risen to 1,005,000 cwt. and the importation to 6,648,000 cwt., representing a total consumption of 382,650 tons, and it is certain that 1931 shows a further advance on theso remarkable figures. Cheese quotations during the past four weeks have fluctuated slightly; just prior to the holidays sellers found it necessary to offer buyers some inducement, but the weakening was slight and only temporary, and since tho holidays there has been a steady demand, arrivals clearing as landed, and values arer about 1/ higher than they were at .the date of our last report.