DAIRY PRODUCE PRICES

Taranaki Daily News, 13 October 1928, Page 7

DAIRY PRODUCE PRICES

• LONDON MARKET QUOTATIONS. DECLINE OF 2s RECORDED. A decline of 2s in both salted butter and cheese is recorded in yesterday’s dairy produce cable from London. Unsalted butter remains the same and the butter market, generally speaking, is steadier. Prices ruling this week are as follow, the quotations for last week being given in parentheses:— New Zealand butter.—<Salted, ISOs (182 s unsalted, 194 s (1945). Market steadier. 'New Zealand cheese.—White, 110 s (112 s coloured, 108 s (110 s Market quiet. . Stocks are quoted as follow:- ' Butter (end September): In Britain, 147,000 tons, against last year 22,000 tons. Cheese (end September):—

The decline In cheese prices is considered to be due to the fact that quantities of Canadian make have been hurried over to London to catch the good prices that have ruled' recently, and the market has thus been weakened. ■ The stocks in hand, 9800 tons, are practically the same as at the cor responding period last year. As the quantity of New' Zealand cheese at Home at the present time is comparatively small, the drop in price will not affect New Zealand much. It is considered that before long the | United States and Canada may be pur- j chasing New Zealand cheese, and it is understood that North America has al | ready purchased one or two parcels. j

Jn Britain192S 1927 1926 Canadian . 7000 6500 8000 New Zealand . . . 2800 3300 3000 9800 9800 11,000 In Canada— 7300 11,900 14,000 17,100 •21,700 25,000