DAIRY PRODUCE

Northern Advocate, 20 July 1935, Page 8

DAIRY PRODUCE

LONSDALE’S REVIEW trend of prices. j ■ BUTTER PROSPECT GOOD A dairy produce review issued by A. S. Paterson and Company, Ltd., agents for J. and J. Lonsdale and j Company, Ltd., London, states that it is considered there will be no decline in butter prices before September, but on the contrary, may appreciate. The trend from September onwards may be influenced by special world conditions, but, as far as can be seen at. the moment, will be dependent principally on the progress of production in those countries which are mainly responsible for supplying the needs of the. British market. Cheese prospects are unfavourable. It is reported that the Milk Marketing Board shipped a consignment of good-class English Cheddar cheese to Newcastle, where it was offered at 36/ to 38/ per cwt. “The increase in Production of liquid milk in the United Kingdom is, of course, an increasingly vital factor, and it remains to be seen to what extent it will in future affect the market for imported butter and cheese,” the review concludes. “At present the increase in milk production is affecting the importations of tinned milk and cream and milk powders, mostly from the Continent, to a greater extent than it is affecting butter and cheese, but the latter are being influenced, and the extent in the future will depend upon the trend of British agriculture and world conditions, both productive and consumptive.” bigger cheque. IN AUCKLAND PROVINCE. LONDON MARKET BRIGHTER. Dairy farmers in the Auckland Province will average a payment of about 9£d per lb. butter-fat for the season almost ending. The net payment in the previous season was probably a shade under 9d a lb. Approximately every Id per lb. butterfat is worth £1,000,000 to the province. On this basis, the increased payment for this season means a distribution of about £600,000 more. However, the production in the province is about 3 per cent, lower for the season, and this probably reduces the extra distribution to from £350,000 to £400,000. Bonus payments for the season are made generally in July and August. Most of the factories were conservative in their advance payments during the . season, and because of this, and the fact that London stock prices are now about 11/ per cwt. above the level of last year, the average bonus payment should be somewhat bigger than' last year. In the case of consignment factories, the butter now being sold in London was manufactured • some month?, ago, consequently it is difficult to arrive at an accurate estimate of the season’s cheque. It is probable that the course of the market during the year has favoured factories consistently consigning their produce rather than forward-selling factories. If anything, the reverse was the case in the previous two seasons. Tire result is natural in any market showing steady improvement. During the season, cheese factories have not fared so well as the butter factories, according to the London price. Mention has been made of certain cheese factories turning over to butter production, while the dual factories in the province have also been considering their position. KAIPARA pay-out. 10*d FOR FINEST The Kaipara Co-op. Dairy Factory Company, Limited, is making an advance of lOgd per lb. for finest grade butterfat supplied in June, compared with 9d per lb. for May supplies. Payment will be made today. There will also be a distribution of £ 10,606 in further payment for the past season. LONDON QUOTATIONS. MERCHANTS’ ADVICES. [Special to “Nortmrn Advocate."! AUCKLAND, This Day. Messrs, Allen and Findlay have received the following cable from London, dated July 19:—Butter market firm. New Zealand salted, 89/ to 90/; unsalted, 94/; Australian, 87/; Danish, 103/. Cheese market quiet. New Zealand, white. 43/ to 44/; coloured, 43/ to 44/. Messrs A. H. Turnbull and Company, Ltd., have received the following cable from Messrs W. Weddel and Company, Ltd., dated London 19th inst.—Danish butter. 102/ (last year 86/); New Zealand salted, 90/ (73/ .to 74/); Australian, 87/ (67/ to 68/); better feeling in market (better feeling in market). Cheese: New Zealand, white and coolured, 43/ (white 48/ to 48/6; coloured, 45/ to 45/6). Market weak. The New Zealand Producers’ Cooperative Marketing Association. Ltdtoday received a cable from London, dated July 19, reading as follows.— Butter market firm, with more inquiry. Cheese market quiet. Butter: New Zealand (89/to 90/; Danish. 102/). New Zealand cheese, white and coloured, 43/6.