EXPORT OF BUTTER

New Zealand Herald, Volume LXXI, Issue 21909, 19 September 1934, Page 7

EXPORT OF BUTTER

DECLINE IN AUGUST BRITISH MARKET SUPPLY HEAVY ARRIVALS FOR YEAR Shipments of butter from New Zealand daring August, the first month of the new season, were 1776 tons lower at 5586 tons than in August, 1933. The uncertain outlook in the market is reflected in the small proportion of f.o.b. sales for the month. Of the butter shipped in August, 88 per cent was consigned and 12 per cent sold f.0.b., the proportions in August, 1933, being 59 per cent and 41 pe.- cent respectively. The total shipments of Southern Hemisphere butter to the United Kingdom in August were SSI7 tons, compared with 9590 tons in August, 1933. New Zealand shipped 5500 tons, coinpared with 7121 tons last year, Australia 2917 tons, against 2461 tons, and Argentina 400 tons, against 8 tons. Although there was a substantial reduction in imports from Empire countries during August, the total supply to Great Britain declined only slightly in comparison "with August, 1933. Figures for the eight months of 1934 ended August show that Britain has been absorbing more than 1000 tons weekly above the 1933 imports. Imports in 193S increased by 8 per cent, compared with 1932, but the 1934 imports show an advance of 16 per cent over the previous year. The foreign supply is 15 per cent higher for the current year and the Empire supply 17 per cent. The following table shows imports of all butters, in tons, into Great Britain during the eight months ended August for the past three years: — i 9*4 1933 1932 Australia . . . • 76,686 69,434 67,483 New Zealand 96.822 86.216 73.71:1 Irish Free State 17,225 16.541 10.247 Other British ctys. 1,485 1,823 3.115 Empire .. • • 192,218 164.034 144.55S Soviet U. (Russia) 19.118 17,360 9.280 Finland .. •• MOO 4.814 7.870 Estonia .. .. 4.433 2.860 3,340 Latvia •• 6.117 4.928 4.143 Sweden .. .. UX.76 6,586 6.211 Denmark .. .. 90.700 86,683 87.556 Netherlands .. 12.723 <>. 800 1.W7 Argentina . . • . 3.566 <.b4o 15.254 Lithuania . . ■ • 5,101 3.636 2,55w Other foreign ctys. 4,326 1,411 _1.05_7 Foreign .. .. 163,760 142,738 138.900 Total tons .. 355.978 306,772 383.45S Re-exports of butter from Great Britain during August amounted to 227 tons, against 300 tons in August, 1933. Stocks of all butters in London on September 1 were estimated at 45,700 tons, compared with 31,300 tons at the same date last year. Stocks in Zealand and New Zealand stocks afloat comprised 12,653 tons, against 14.339 tons last year. THE CHEESE POSITIOH SMALLER SHIPMENTS MADE The export of cheese from New Zealand during August totalled 4932 tons, 1348 tons less than in August, 19. W. Of the August shipments, 62 per cent was consigned and the proportion of white to coloured cheese was 67 per cent to 33 per cent. The comparative figures for August, 1933, show vanaI tions of 1 per cent only. Imports of cheese, in tons, into Great 1 Britain from all sources during the I eight months ended August compare j as follows: — 1 1934 1933 1932 Australia .. 3,639 3,78? 2,213 New Zealand .. 81,509 80.818 69.612 Canada .. .. 8 264 9 954 16,310 Other British ctys. 200 623 653 I Empire .. .. 93,612 95.182 83.768 Netherlands ;; "j§j gg Switzerland • • Other foreign ctys. 623 5-6 -788 Foreign . .. 3,209 7,764 11.030 Total tons • • 101,821 102,946 / 99.818 Stocks of New Zealand, Australian and Canadian chfsese in Great Britain on September 1 comprised 15,140 tons, compared with 14,215 tons last year. Stocks in New Zealand and afloat were 11,323 tons, against 9518 tons.