BUTTER PRICES INCREASE

Taranaki Daily News, 19 May 1928, Page 15

BUTTER PRICES INCREASE

A RISE OF FOUR SHILLINGS CHEESE SHOWS LITTLE VARIATION LATEST REPORTS FROM LONDON. p— ——-* A rise of 4s in the price of both salted and unsalted butter frmi New Zealand is reported from a firm market in London. Cheese still hovers about 96s in the face of a quiet demand. Arrivals during the week were the Rotorua and Port Hunter. Reports of cold, dry weather on the Continent were mainly responsible for the improvement in butter, according to the representative of a produce company. Some buying was reported around Is 4%d and Is 5d for May and June butter for shipments expected to reach England at the end of July or early August in anticipation of markets being short later on. Increases in imports of both New Zealand butter and cheese were recorded during last month. Butter arrivals rose by 1722 tone from 21,379 tons in April, 1927, to 23,101 tons in April, 1928. Cheese arrivals totalled 9040 tons, compared with 9127 tons in 1927, an increase of 513 tons. The private cable received in New Plymouth yesterday gave the following quotations for the week ended on Thursday,- the prices ruling last week being included rn parentheses for purposes of comparison:— Butter.—New Zealand, salted, 168 s (1645); unsalted, 172 s (168 s Cheese.—New Zealand, white and coloured, Me (90s to 975).