BUTTER IN LONDON

New Zealand Herald, Volume LXXV, Issue 22946, 26 January 1938, Page 7

BUTTER IN LONDON

DULLNESS ON MARKET a CANADA'S IMPORTS SHIPMENTS TO GERMANY Dull conditions prevailed on the London market for New Zealand buttur at the close of last week. The price for salted butter was 109s to 110s per cwt., and for unsalted from 112s to 114s. The retail price for New Zeal&nd butter was unchanged at Is 2d per lb. Factors which might have some influence iir brightening the market include the decision of tho Canadian Government to import 20,00Q boxes of Australian butter. Canada had not found it necessary to import butter for some time, but local requirements have made it necessary, at least as a temporary measure, the position to bo reviewed at tho end of a month. Another factor which might result in reducing supplies at London, and ao affecting the price, is provided by further shipments to Germany, wljich are stated by the Australian .Dairy Produce Board to be contemplated by New Zer.land. By arrangement with the Primary Products Marketing Department, tho New Zealand Dairy Board supplies the following information for the week ended January 22, figures for the previous week being given in parentheses :

Butter.—New Zealand: Salted, 109s to 110s (112s to 11.1s); unsalted, 112s to 114s ! (114s). Deliveries, New Zealand, 1914 tons (iast year, 2014 tons); in store, 4849 tons (last year, 5646 tons). Australian: Salted, 108s to 109s (Ills to 112s); unsalted, 112s (112s to 113s), Deliveries, Australian, 2373 tons (last year, 1314 tons); in store, 2377 tons (last year, 4316 tonS). ArgC|l-;' k , tine: Unsalted, 105s to I0S& • quoted). Danish: 112s f.0.b., 134s 1.113s to 11355). Dutch: Unsalted, 112 a to 113s, ex. 117s (112s). lithuajtianr. J* Unsalted, 116s (116s;. The Dauisb. retail price was Is 4d per lb. The Imperial Economic Committee estimated >tc.ka ot all butters in store at ttSH,9OB boxes (last year, £84,538 boxes). Cheese. —New Zealand: White, 60s to 69s bd (68s to 68s 6d); coloured, s9s 6d to 70s (69s to 69s 6d): Deliveries, New Zealand, 15,654 crates (last year, 18,512 crates); in store, 50,985 crates (last year, 48,770 crates). The nurket was quiet, with the New Zealand retail prick unchanged at 9d per lb. Auspiral ian : White, 655-to 67s (64s to 665); coloured, 60s to 67s 6d (64s to 675). Canadian: White, 74s (73s 745); coloured, 73s to 7Js (73s to 745). Deliveries, Canadian, 7872 boxes (last year, 4813 boxes); in store, 118,631 boxes (last year, 101,046 boxes). English: Finest farmers', 96s to 9Ss (96s to 98s). Tho market is steady.