RISE IN BUTTER

New Zealand Herald, Volume LXXV, Issue 22985, 12 March 1938, Page 9

RISE IN BUTTER

NEW ZEALAND UP TO 119/LONDON MARKET FIRM LOWER PREMIUM ON DANISH The steady advance in the price of New Zealand butter on the London market within the last few weeks has been maintained, and choicest salted is now quoted at up to 119s per cwt., 011 a par with Australian. The current quotation represents a rise of 3s per cwt. during the week. The premium on Danish has been reduced to only 3s per cwt., and the market is reported to be lirm. The present price is the highest level reached since November of last .year, when values were declining after reaching a peak at 152s per cwt. at the end of October. Current quotations" .are now about 7s per cwt. above the London landed equivalent of the guaranteed price, and are also much higher than the values ruling at the same period Inst year, when the rate was !J7s per cwt. Cheese also has shown further improvement during the week. On a steady market New Zealand, white, is now from 6d to Is per cwt. dearer than last week. Similar movements also have taken place in the quotations for coloured. A Press Association message sent from London on Thursday states that the market for butter is firm. Danish is quoted at 122s per cwt.; choicest salted New Zealand and Australian, 118s to 119s; unsalted. New Zealand, 120s; Australian. 119s. Cheese is steady. New Zealand, white. 68s 6d to 695; coloured. 68s 6d to 695; Australian, white, 675. Recent quotations and those of a year ago compare as follows: — Mar. 11 Mar. 4 Feb. 11 Mar. 12 Butter— 1938 10:5s 193S 1037 New Zealand 118/6 116/- 111/6 07/• Australian . 118/6 116/- 111/- 07/Danish .. ]•-"-/• 122/6 126/- 125/Cheese —N.Z.: White .. «8/0 67/9 68,'- ofc/Coloured . . 68/9 68/- 68/6 58/Canadian: White .. 75/0 75/0 74 6 71/6 Coloured .. 16/6 75/6 74/6 71/0 The basic rates fixed under the New Zealand guaranteed priqc scheme, subject to quality differentials, are 123s 8d for butter, and 70s 4id for cheese per cwt. f.0.b.. New Zealand currency. The equivalent landed price for butter in London is 112s and for cheese 675. The guaranteed price for butter is equal to 13.25 d per lb. f.0.b., and the current London quotation is equal to 14.17 d. New Zealand ports. The equivalent price for cheese is around 7.Bid per lb., f.0.b., compared with the guaranteed price of 7.54 d. A. S. Paterson and Company, Limited, quote:—Butter: The market is firm. New Zealand, 113s; Australian, 118s 6d: Danish, market steady, 121s. Cheese: The market is firm. White, 695; coloured. 695. FRUIT AND PRODUCE THE CITY MARKETS HEAVY VEGETABLE SUPPLIES EGG PRICES AGAIN RISE Apples again came forward in good quantities at the City Markets yesterday, but the demand was not keen. Pears sold slowly at slightly reduced rates and there was only a medium demand for tomatoes, of which the supplies were shorter. Te Kauwhata ! grapes were more plentiful and there " was a reduction in prices. Peaches . were scarce and the supply of passion . fruit somewhat short, -with a tempo- > rary increase in price. : Very heavy supplies of potatoes were » available at low rates, and kumaras were also plentiful. With the exeep- ) tion of peas, which were scarce, other 1 vegetables were marketed in large quaul tities, including lettuce, pumpkins, ; beans and carrots. Prices remained level for poultry, • which was in medium supply and* met i with a fair demand. A further rise of Id a dozen in the prices of otrgs took place. A grade hen eggs selling at 2s 4}d a dozen. Prices are:— FRUIT Apples, Ividd's Orange, 3s 6d to 5s 6d; Cox's Orange. 3s Od to 7s; Delicious, 2s 6d to 4s; Ballarat, 3s Od to 4s 6d; Granny Smith, 4s 6d to 6s; Jonathan, 3s 6d to ss; Munro, '2s 6d to 3s Od; Sturmer, second grade, Is 6d to 2s 6d; pears. L.8.J., 5s to 7s; Park-hams, 3s Od to 5s 6d; Bon t Chretien, 6s to 7s; others. 3s to 4s 6d; . tomatoes, outdoor, extra choice, 5s to 7s; others, 2s to 4s Od; Hutt, 3s Od to 5s 6d; oranges, Jamaican, 24s to 355, accordinsr to count; grapefruit. Jamaican, 20s to 30s, according- to count; lemons, choice cured, , 12s to 10s; others, 5s to lis 6d; bananas. : ripe, 20s to 2Ss: grapes. Te Kauwhata, 10s to 12s 3d; outdoor, others, 7s Od crate; hothouse, Hamburg, Gs to Is }b'; others, 5d to Is Id lb; peaches. Golden Queen, 7s to Ss case: Crates, Ss to 14s crate; plums, Doris, 1 poor quality, 3s to 5s case; Cape gooseberries, 4%d to 5%d lb; blackberries, 6d chip; passion ; fruit, 3s to 7s case; figs, 2s Od to 4s case; quinces. 7s Od to lis case. I FIELD PRODUCE Beet. Od to Is a dozen: celery, cooking, ■ Od to'is 3d a bundle; dessert. Is Gd to , 2s 3d a bundle; carrots, 6d to Is a dozen; . cabbages, Os to 13s a sack; cucumbers, 2s to Is a dozen; French beans, 2s to 3s Od a bag; stringless beans, 3s Od to 7s Od a bag; 1 green peas, 8s to 15s a bag; kumaras. 2s Od 5 to 4s Od a bag; leeks, 3d to 4d a bundle; lettuce, 3s Od to 12s a case; marrows, 2s to : 3s Od a dozen; melons, citrons, 3s to 4s a sack; water. Od to 2s each; potatoes, Pukekolic, 2s to 3s a bag; Ohakune. 3s 6d to 5s a bag; onions. 3s to 5s a bag; pumpkins, Red Warren, 2s to 4s Od a sack; choice ripe crown; 7s to 10s per cwt; mixed Triumblo and crown, 3s to 7s a sack; parsnips, 9s • to Is Od a dozen; radish, Od to 9d a . rhubarb,. Is to 2s Od a dozen; spinach, 1« J to 2s a dozen; spring onions, Is 3d to 2s f a bundle; swedes, 2s to 4s Gd a bag; turnips, 1 Od to Od a dozen. 1 POULTRY : '-'' Cockerels, heavy breeds, prime, 3s to 5s Od each; not prime, Is Od to 3s; light breeds, prime. Is 3d to 2s Od; not prime, Is Od Up; fat roosters, heavy breeds, prime, 2s to 3s; light breeds, prime, Is to ls_ Od; fat hens, heavy breeds. 2s 6d to 4s; light breeds, li to 2s; pullets, heavy breeds, best. 5s to 6s; . smaller, 2s up; light breeds, best. 4s to 6s Od; smaller, 2s to 3s; drakes, young, prime, 2s to 3s; smaller. Is up; old. Is to Is Od; 1 ducks, young, 3s to 4s,- old, Is to Is 6d; geese, ss; gobblers. 10s to 15s; turkey . "hens, ss. BUTTER AND EGGS ' Eggs, hen. A grade, 2s 4 , ' ; d a dozen: B grade, Is llVad a dozen; C grade, Is sv/2d5 v/ 2 d a dozen; duck. A grade. 2s 4'-d a dozen: B grade. 2s 1 l 7 d a dozen; Q grade, Is 7Y = d a dozen. Farmers' butter.«LlOd to Is I'/ad per lb. %