BUTTER FIRM

New Zealand Herald, Volume LXXVI, Issue 23290, 8 March 1939, Page 9

BUTTER FIRM

ACTIVE LONDON DEMAND LOWER NEW ZEALAND STOCKS OTHER QUANTITIES HEAVIERI A firm market was ruling for New Zealand butter in London at the close' of last week. The retail price was unaltered at is 3d per lb., although Danish has been reduced by Id to Is 5d per lb. Following an active demand during the week, stored stocks of New Zealand butter at 4848 tons showed a reduction of 211 tons on the amount hi;ld in the previous week. The total a year ago was 5583 tons, this being the first occasiion for a considerable time that this year's stocks a:fo lower. In spite of the bwer New Zealand, quantities, the latest estimate of the Imperial Economic Committers of all butters in store at 765,095 boxes comparer with only 384,127 boxesi a year ago. This is partly due to an increase of over 2000 tons in holdings of Australian butter compared with a year; ago.

By arrangement with the Primary Products Marketing' Department, . the following information is supplied by the New Zealand Dairy Board for the week ended March 3, figures for the previous week being- given in parentheses;— Butter. —New Zealand; Salted, HGs to 117s, extra, 118s (118s to 119s); unsalted, 121s to 122s (122s to 1245). Deliveries: New Zealand, 1814 tons (last year, 1803 tens); in store, 4848 tons (last year, 5583 tons). Australian: Salted, 113s to 115s, extra 116s (115s to 116s); unsalted, 114s to 116s (116s to 117s). Deliveries: Australian, 2316 tons (last year, 1703 tons); in store, 5115 tons (last year, 3100 tons). Argentine: Unsalted, 110s to 114s (112s to 115s). The market is steady. Danish, 121s f.0.b., 143s to 144s spot (120s, 141s to 1425). The market is firm. Danish retail price., Is 5d per lb. Dutch: Unsalted, 114s to 118s (120s to 1245). Lithuanian: Unsalted, 122s (123s to 1245). Polish: Salted and unsalted, 113s (115s). The market was steadier at the end of the w-iek. Cheese. —New Zealand: White, 63s (64s 6d); coloured, (33s to 633 6d (64s 6d to 655). Deliveries: New Zealand, 12,338 crates (last y€>ar, 18,010 crates); in store, 63,652 crates (last year, 58,149 crates). Australian: White, 56s to 60s (58s to 61s) j coloured, 60s to 62s (62s to 645). Canadian: White and coloured, 72s to 74s (72s to ,745); old season's, coloured, 82s ( —). Deliveries: Canadian, 4861 boxes (last year, 4802 boxes); in store, 105,745 boxes (last year, 90,331 boxes)„ .English: Finest farmers', 86s to 96s (86s to 965); factory cheese, 64s ( —).. The market is quiet. New Zealand retail price unchanged at 9d per lb:,