Butter Market Improves

Manawatu Times, Volume 62, Issue 57, 9 March 1937, Page 8

Butter Market Improves

INCREASE IN STOCKS. LONDON, March 7. The butter market has shown an unexpected strength. Holders are reluctant to sell in view of the comparatively short quantities of “Empire" now available. By arrangement with tho Primary Products Marketing Department information of the London market position is supplied by the Dairy Board. Prices of New Zealand and various butters at close of business last week were as follows: Salt butter— Per cwt. New Zealand 89s to *9o s Australian 90s Danish (spot) 121 s to 122 s Siberian 88s to 90s Ukranian BSs to 90s Unsalted butter— New Zealand 94s to 96s Australian 93s to 94s Argentine 84s to 90s Dutch 97s to*lols ♦Extra South African butter is quoted at 86s to 88s. The Department reports market quiet at end of this week. New Zealand butter is selling retail at lid per lb.; Danish at Is 2d per lb. The Imperial Economic Committee’s estimated stocks of all butters in store are 771,710 boxes, compared with 430,448 boxes at this time last year. Cheese in Short Supply. The department is advised that the cheese market is firm at higher prices on available short supplies. Wholesale prices for cheese are:— Per cwt. N.Z., white .... 55s Od to 55s 6d N.Z., coloured . 55s 6d to 56s Od Australian ... 53s Od to 54s Od Canadian 71s Od to 72s Od Eng’sh, farmers 86s Od to 88s Od English, factory 49s Od to 52s Od The Canadian cheese market was steady; English factory market quiet. New Zealand cheese was selling retail at 7d per lb. against 6d per lb. for the week before last.