DAIRY PRODUCE

Northern Advocate, 12 August 1932, Page 6

DAIRY PRODUCE

BUTTER AND CHEESE

%, ~ .COMMENT BY MERCHANTS.

jD'teFECTS BEING INVESTIGATED,

" ‘{Special to ■‘Morthern Advocate.”} £•'. AUCKLAND, This Day. Commenting ou the favourable ‘-:;L movement of the butter market last

; month, Messrs A. H. Turnbull and Co., r-.:.. lit’d.,' stated that London prices for g-.'./New Zealand butter rose from 99/ a on July 2 to 100/ on July 23. ;j;‘At this stage,” continues the suft’"'

vey, “Danish was selling at 121 /G in tlie ■ United Kingdom, and, with the ,v; peak of their season and Ottawa fac- £ . ing them, there was heavy pressure to sell. This undoubtedly caused uneasifjj neps in the minds of, buyers, with a consequent collapse in the prices of

vb’, 'Danish, which dropped back to 114/G

if;.',-, and 111/ during the next two weeks. That New Zealand only weakened by 6d,uper ewt during that period is a vri point for congratulation, and was, no Vi donbt, assisted by the fact that spot IK stocks are below normal. On the other hand, afloats are heavy, and in bej consequence we cannot expect to do |imore than hold our own during the ;iv coining months. Gradings for 12 K‘ ' mqnths show an increase of 71S0 tons " 0f... butter, Or 7.40 per cent. ■'J 1 "Stocks' in New Zealand are considif.> erSbly heavier than last year, being }}!-5475 tons on July 31, against 2921 2'.' j last) year. This is undoubtedly the result of the mild winter we have ex:pr perienced, freshly made butter being available in many parts which have upon stored .butter in previ- , ohs."years:

The company considers the cheese |£V market - lias been .disappointing. ' Although spot stocks in the United Kingdom had been short, prices weak(p ened. Undoubtedly consumption has been affected by the low values of jff-V-meat of all descriptions. The warmer weather was expected to improve coni'," sumption, and, with a favourable statistical position, the market was expeeted to firm again. Gradings for the 12 months showed but little alteration, as compared with Blast year, being 88194 tons, a decrease . of 1035 tons, or 1.16 per cent, irl, A regrettable feature at the present p/.-time -was serious complaint from London of" * ‘black spot” developing in £ysome of the coloured cheese. Samples

have been returned to the Dominions, and as the matter was now being investigated by the Dairy Division of the Department of Agriculture, it was £ hoped that a solution of the mystery ■ft - would soon be available. In the meantr.'- time, the complaint had undoubtedly £/,■. affected the price of-New Zealand eolk). cured cheese generally. &■' '