DAIRY PRODUCE MARKETS

Taranaki Daily News, 6 February 1934, Page 3

DAIRY PRODUCE MARKETS

BUTTER FIRMER AT 66s TO 68s. IMPROVEMENT IN CHEESE PRICES. After easing 2s to 65s to 66s earlier in the week, the London butter market closed firm on a better demand at 66s to 68s, the same prices as those of a week ago, states a report received by the Dairy Produce Board. Australian closed at 63s to 645, Is lower than the previous week, while Danish closed at 86s to 87s spot, a decline of 3s on the previous week. Consumption is well maintained, the deliveries of 'New Zealand butter being 1787 tons, and the quantity in store at the end of the week 3750 tons, including 1750 tons just discharged from the Rotorua and Rangitane, and compares with 6978 tons in store a year ago. The cheese market closed firmer on an improved demand at 42s to 44s for white and 44s to 46s for coloured. Both white and coloured cheese prices are 2s better than the previous week. The board’s London office reports Fri- ( day’s official closing quotations as follow,' those for the previous week being shown in parentheses:— BUTTER. New Zealand salted, 66s to 675, ex. 68s (67s to 68s; February 2, 1933, 78s to 80s); 66s to 68s equals approx. fxi.b. Unsalted, 72s to 74s (72s to 745; February 2, 1933, 80s to 82s). Deliveries, New Zealand, 1787 tons. In store, New Zealand, 3750 tons; includes 1750 tons ex Rotorua and Rangitane. Australian, salted, 63s to 64s (64s to 655); unsalted, 66s to 67s (66s to 68s). Deliveries, Australian, 3700 tons. In store, Australian, 6400 tons. Market firm at the end of this week. Argentine, unsalted, 62s to 66s (62s to. 645). Danish, 64s f.0.b., 86s to 87s spot (675;. 89s to 90s). Latvian, unsalted, 74s (75s to 775). Dutch, unsalted, 88s to 92s (88s to 925). Siberian, 60s to 62s (60s to 625). Market steady. Retail prices unchang- ,• ed. New Zealand 9d, Danish lid. • CHEESE. New Zealand, white 425, 43s to 44s (4.46 d f.0.b.) (41s to 425; February 2, 1933, 45s to 465). Coloured, 445, 45s to 46s (4.72 d f.0.b.) (43s to 445; February 2, 1933, 57s to 58s). Deliveries, New Zealand, 23,000 crates. In store, New Zealand, 31,000 crates; includes 5000 ex Port Gis-r bome. Australian, white, 41s to 41s 6d; coloured, 42s to 43s (425). Improved demand at end of this week. Market firm; New Zealand retail price unchanged, 6d. Canadian, white and coloured, 50s to - 525; ex 54s (46s to 525). Deliveries, Canadian, 8400 boxes. In store, Canadian, 177,655 boxes. English, finest farmers, 90s to 94s (90s to 945). Market quiet AUSTRALIAN PRICE OF BUTTER. The New Zealand Dairy Produce Board is advised by the Australian Board that it has fixed the minimum price at which Australian butter may be sold for forward shipment to the United Kingdom during the coming week at 7£d and this being the same as for the pre--vious week. These prices are New Zealand f.o.b. equivalent of the '-Australian c.i.f.e. maximum prices fixed.