DAIRY PRODUCE

Northern Advocate, 17 September 1934, Page 4

DAIRY PRODUCE

BUTTER TRADE OUTLOOK

SOMEWHAT BRIGHTER,

CHANCE IN SOUTH AFRICA

(United Press Association—By Electric

Telegraph.—Copyright A (Received 9 a.m.)

LONDON, September 15

The butter trade is still in the doldrums, but there are some signs that a slight improvement will possibly come before long. Stocks in cold store, although still very heavy, are beginning to decline, as the totals afloat from New Zealand, Australia and the Argentine also are falling off. There are prospects of an increase in the German quota in force for the remainder of the year, and this should mean smaller arrivals of Danish butter in London.

It is reported that South Africa is threatened with a butter famine, as the result of last year’s drought. This may mean that some butter will be shipped there from England, though New Zealand and Australian producers might well consider sending shipments to South Africa.

MINIMUM PRICES. THIS WEEK’S BASIS. (Per Press Association.—Copyright.) WELLINGTON, This Day. The New Zealand Dairy Produce Board has fixed minimum prices this week on the basis of BJd f.o.b. for butter and 4Jd f.o.b. for cheese. The rates are id lower than those fixed for the previous week. LONDON QUOTATIONS N.Z. BUTTER AT 75/(Special to “Northern Advocate.”) AUCKLAND, This Day. Messrs. Joseph Nathan and Company, Ltd., has received a cable from London, dated September 15, reading as follows: —New Zealand butter, 75/-. Market quiet. New Zealand cheese: White, 47/6; coloured, 45/-. Market steadier.