BUTTER EXPORTS

New Zealand Herald, Volume LXXIII, Issue 22399, 21 April 1936, Page 5

BUTTER EXPORTS

SHIPMENTS TO BRITAIN INCREASE IN MARCH SEASON'S TOTAL HIGHER Shipments of butter from" New Zealand in March totalled 13,837 tons, an increase of 2080 tons on March, 1935. For the period from August 1, 1935, to March 31 shipments were 4005 tons greater at 99,545 tons. March shipments from Australia and Xcw Zealand to the United Kingdom wore 21,611 tons, compared with 23,032 tons in March, 1935. The following table shows imports of all butters, in tons, into Britain in March for the past three years:— 3936 1935 1934 Australia .. 10.283 18,093 12.505 Kew Zealand . 12.738 13,172 18,082 Irish Free State 114 39 205 Other British . 1.319 70G 608 Empire .. 24,452 32.010 31,400 Denmark . . 7,610 8,652 10,624 Finland . . 537 604 704 Soviet J{ußßia . Sweden .. 575 817 1,327 Netherlands .. 2,101 1,306 557 Estonia . . 230 310 232 Latvia . . 222 131 234 Lithuania . . 280 215 201 Argentina . . 1,004 611 698 Other Foreign 428 63 325 Foreign .. 12,987 12,709 1 5,576 Total tons 37,439 44,719 46,970 During March 7 per cent of the butter exported was sold f.0.b., against 17 per cent in March, 1935. The estimated stocks of all butters in London at April 1, together with export stocks in New Zealand and afloat, totalled 44,746 tons, against 35,940 tons a year ago. HEAVY ARRIVALS NO CHANGE IN PRICES DAIRY BOARD'S REPORT A Press Association message sent from London on Sunday states that the butter market opened after Easter with a rather strong tone, but heavy arrivals of New Zealand tended to weaken the position. Cheese was quiet, and also inclined to weaken owing to heavy arrivals.

The London market for New Zealand butter is very quiet, according to a cablegram received by Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited. The price is unaltered at 86s per cwt. Cheese values also are unchanged, white selling at 53s 6d per cwt. and coloured at 535. The market is firm.

The New Zealand Dairy Board has received the following market report from its London office, dated April 17 (figures for the previous week being given in parentheses):— Butter. —New Zealand, salted, 86s to 87s (equals approximately 10.04 d f.o.b.> (88s to 89s); unsalted, 87s to 88s (89s to 90s). Deliveries, New Zealand, 1573 tons (last year, 1548 tons); in store, 2379 tons (last year, 4542 tons). Australian, salted, 86s to 87s (88s to 89s); unsalted, 87s to 88s (88s). Deliveries, Australian, 1690 tons (last year, 3276 tons); in store, 3114 tons (last year, 5445 tons). Danish, 80s, f.0.b., 102s to 103s spot (80s to 108s); Dutch, unsalted, 83s to 88s (86s to 88s); Polish, salted, 85s to 86s (85s to 86s); unsalted, 80s (86s). The market is quiet. New Zealand retail price unchanged, lid. Danish retail price reduced to Is id.

Cheese. —New Zealand, white and coloured. 52s 6d to 53s (equals approximately 5.74 d f.o.b.J (53s 6d). Deliveries, New Zealand, 23,993 crates (last year, 14,094 crates); in store, 79,210 crates (last year, 142,215 crates). The market was steadier at the end of the week. Australian, white, 51s to 51s 6d (50s to 525); Canadian, white, 60s to 62s (61s to 625); coloured, 63s to 64s (645). Deliveries, Canadian, 3491 boxes (last year 3093 boxes): in store, 77,615 boxes (last year, 73.505 boxes). English, finest fanners, 80s to 86s ( —); English, factory cheese, 48s to 53s (49s to 50s). The market is quiet.

WAR RISK INSURANCE RENEWAL OF ARRANGEMENT The New Zealand Dairy Board has received advice from its London office that the war risk insurance at the rate of lid ,per cent has been renewed on steamers up to the Rotorua, sailing on May 22 from Wellington. s THE CHEESE POSITION SMALLER. QUANTITY SHIPPED. Exports of cheese in March at 8654 tons were 145 tons less than in March, 1935, while for the period August 1, 1935, to March 31, they were 56,580 tons, a decline of 8135 tons. Of the March total 68 per cent was. white and 32 per cent coloured, the figures for March, 1935, being 71 per cent and 29 per cent respectively. British imports of cheese, in tons, during March over the past three years compare as follows: — I'm 19.T5 1934 Australia .. .. 78& n 10 i-c New Zealand .. 8,'21i 9,4.1 13.1(8 Canada .. 132 50 Other British .. 135 lt>9 8 Empire .. .. 9.2G9 10,530 13.GGG KS erln ! ldß ~& l Switzerland .. .. 73 gg Other foreign •. 26 ' ™ Foreign .. .. 1.064 1.256 . 1.081 Total tons.. ..10.333 11,786 14.747 Estimated stocks of all cheese in England, together with export stocks in New' Zealand and alloat, totalled 4-4,919 tons at April 1, compared with 49,300 tons a year ago. GREAT BRITAIN'S OIL REQUIREMENTS IN WAR The exact oil requirements of Great Britain under war conditions cannot bo forecast, since they would depend on the location of the main theatre of war and on the dimensions and duration of the conflict, according to an article published in the Petroleum Press Service. In 1935 Great Britain's requirements of the principal oil products amounted to nearly 9,000,000 tons. In time of war considerable changes in the relative quantities of the products now imported might take place, but, having regard to the availability of coal to replace oil for certain purposes and the possibility of drastic restriction of gasoline consumption by private users, it is difficult to believe"that the volume of total consumption would expand by more than about 20 per cent. The output of benzol, being dependent on the requirements of coke, cannot be greatly increased, and low; temperature distillation produces such a small output of gasoline that it contributes practically nothing to supplies. In her oil policy Great Britain has thus no choice. She ftust bo prepared to depond for her oil requirements in a future war, wherever this may take place, on naval' supremacy, fl strong air force, and adequate tanker transport. I'or these neither the production of synthetic fuels nor even the storage in this country of large quantities of petroleum will, in the last event, afford any sort of substitute.