AUSTRALIAN DAIRYING

New Zealand Herald, Volume LXXIII, Issue 22352, 25 February 1936, Page 5

AUSTRALIAN DAIRYING

SEASON'S OITITUT LOWER DECLINE IN SHIPMENTS HEAVY DOMINION EXPORT Reviewing Australian dairying conditions, tho February summary of the i National Bank of Australasia, Limited, states that butter production during January (lid not show the expected increase following the excellent rains received in Queensland and New South Wales at the beginning of tho month. Practically no further useful rain has been experienced in the chief dairying areas of these States, and consistently hot and drying weather has prevented nny substantial benefit being derived from the earlier rains. With the smaller production this season and the more rigorous regulation of weekly shipments by the Dairy Produce Export Board, quantities of butter shipped to Great Britain have, so far, shown a marked decrease compared with shipments over the corresponding period last season. During the five weeks' period ended January 25, a total of 10,729 tons of butter was despatched to the United Kingdom, compared with 16,230 tons for tho five weeks ended January 26 last year. Total shipments to Great Britain from July 1, 1935, to January 26, 1936, aggregated 52,183 tons, which is 10,726 tons less than the total .shipped over the corresponding portion of tho 1934-35 season. The export board has decided to increase weekly shipments to tho United Kingdom from 2000 tons to 2500 tons, but as weekly shipments last February averaged over 4000 tons, there still will bo a pronounced shortage in exports this February when compared witE those of that month last year. Notwithstanding tho lower shipments from Australia this season, tho combined shipments from New Zealand and Australia during the past few months havo averaged an aggregate of over 6000 tons weekly. As producing conditions in New Zealand are exceptionally good, weekly butter shipments from the I .Dominion will continue heavy for some ! time to come. Weekly arrivals from j Continental sources have been light and during the five weeks ended January 22 averaged under 3000 tons weekly. Cold storage stocks are also well below the average of recent years. BUTTER IN LONDON UNITED STATES BUYING NO CHANGE IN PRICES The United States is buying butter on the London market, but the quantity so far taken is small, according to a cablegram, dated February 22, received by Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Prices for New Zealand butter are unchanged at 92s to 93s per cwt. The cheese market is quiet, white selling at 51s 6d per cwt. and coloured at 55$ 6d, both current rates. A Press Association message sent from London on Sunday states that the market for butter is peculiar. Over- ; much attention was paid to the possibility of an inquiry from America, where high prices resulted in several cablegrams for quotations for immediate shipment of New Zealand. Little business, however, resulted. The | disappointment caused London prices to : slip back, and resulted in a more | bearish feeling than would otherwise i have developed.