EXPORT OF BUTTER

New Zealand Herald, Volume LXXI, Issue 21961, 19 November 1934, Page 5

EXPORT OF BUTTER

DECLINE CONTINUES 13 PER CENT FOR SEASON INCREASE FROM AUSTRALIA In line with the fall in dairy production in the Dominion, shipments of butter this season to October 31 show a reduction of about 13 per cent compared with last season. Exports for the three months' period from August 1 amounted to 27,276 tons, compared with 31,208 tons last year, a decrease of 3932 tons. In October the shipments declined by 1360 tons to 12,579 tons. Of the butter shipped in October to the United Kingdom, 99.72 per cent was consigned ancT .28 per cent sold f.0.b., against. 94 per cent and 6 per cent respectively in October, 1933. The total shipments of Southern Hemisphere butter to the United Kingdom during October were 24,490 tons, compared with 23,353 tons last year, the respective figures being as follows: New Zealand, 12,338 tons (13,849 tons); Australia, 11,882 tons (9029 tons); Argentina, 270 tons (475 tons). To date this season Australia has shipped 2.1,188 tons of butter to Groat Britain, against 16,081 tons last season, the respective totals for Argentina being 805 tons and 588 tons.

The following table shows imports of all butters, in tons, into Great Britain during the 10 months ended October for the past three years:— 1934 1933 1932 Australia . . . 83,450 61,480 67,361 New Zealand .. 113,290 101,699 84,511 Irish Free State . . 22,704 18,865 15,024 Other Brit, countries 1,625 3,370 3,957 ! Empire .. .. 221,009 188,414 170,853 Soviet U. Russia .. 24,428 24,926 15,844 Finland . . . . 6,797 5,004 9,631 Estonia .. .. 5,640 3.878 4,035 Latvia .. .. 7,511 G,799 5,413 Sweden .. .. 13.898 9,SCO 7,801 Denmark .. .. 109,358 107,583 109,267 Netherlands .. .. 14,284 7,016 1,986 Argentina .. .. 4,230 7.854 17.170 Lithuania . . . . G. 404 4,987 3,345 Other foreign countries 7,041 2,221 1,170 Foreign .. .. 199,651 180,428 175,662 Total tons .. .. 420,720 368,842 346,515 lie-exports of butter from Great Britain in October amounted to 341 tons, compared with 329 tons in October, 1933. Stocks of all butters in London on November 1 were estimated at 29,000 tons, compared with 18,800 tons last year. Stocks in New Zealand and New Zealand stocks afloat comprised 24,064 tons, against 27,340 tons. THE CHEESE POSITION SHIPMENTS ALSO LOWER Shipments of cheese from New Zealand in October amounted to 6191 tons and for the season to October 31 to 15,906 tons, a decrease in both instances of 108 tons compared with the corresponding periods of 1933. In both October, 1934 and 1933, all the cheese was consigned, the proportion of white and coloured 'cheese being 69 per cent and 31 per cent this year, against 63 per cent and 37 per cent last year. Imports of cheese, in tons, into Great Britain during the 10 months ended October compare as follows: — 1934 1933 1932 Australia .. .. 4,091 4,028 2,389 New Zealand .. 92,578 90,565 77,939 Canada . . • ■ 17.015 22.059 29,250 Other Brit, countries 311 680 856 ' Empire .. .. 113.995 117,362 110,434 Netherlands .. .. 4,999 4,937 7.280 Italy . . . . . • 3,955 3,678 4,599 Switzerland . . ... GOO 574 630 Other foreign countries 771 741 943 Foreign ~ • • 10,325 9,930 13,452 Total tons .. .. 124J520 127,292 123.886 Stocks of cheese in England on November 1 were estimated at 13,200 tons, compared with 13,000 tons last year. Stocks in New Zealand and afloat were 16,150 tons, against 16,971 tons. MINIMUM F. 0.8. PRICES The Now Zealand Dairy Produce Board has fixed the following minimum f.o.b. prices for November 17 onward: — Butter: B|d, less li per cent commission. Cheese: s|d, less li per cent commission.

FIJI BANANAS LOWER AUSTRALIAN CHARGES (Received November 18, 5.5 p.m.) SYDNEY, Nov. 18 The Federal Government has decided to reduce the charges on Fiji bananas by the removal of the 6 per cent sales tax and tho abandonment or modification of tho primage duty. QUOTATIONS FOR WHEAT LONDON AND LIVERPOOL (Received November 18, 6.35 p.m.) % LONDON, Nov. 17 Wheat cargoes are dull in view of North and South American easiness. Buyers are apathetic. Parcels are easier. Futures: London, December, ]9s 4d a, quarter? February, 20s Ucl; Anril 21s 3d. Liverpool, December, 4s Rjd a cent*!; March, 5s l£d; May. Ds 3kl.