BUTTER PRICES WEAK

Taranaki Daily News, 16 October 1934, Page 12

BUTTER PRICES WEAK

NEW RECORD LOW LEVEL. CHEESE MARKET STEADY. Prices for New Zealand salted butter on the London market last week reached a new record low level of 63s for first and 65s for finest quality, Is to 2s below the previous lowest prices in April and December of 1933, and January of this year. After finning slightly at the end of the previous week the London market last week was week and irregular, prices showing a drop of 3s on the week. Deliveries of New Zealand butter last week totalled 1800 tons, compared with 1969 tons for the previous week and 1800 tons a year ago. The quantity of New Zealand butter in store is still slowly decreasing, and last week was 8841 tons, compared with 11,148 tons a month ago and 4823 tons a year ago. The cheese market remained steady last week, with prices unchanged. Deliveries of New Zealand cheese last week totalled 20,077 crates compared with 11,657 crates a year ago, while the quantity in store was 104,973 crates, as against 90,000 crates a year ago. The Dairy Board’s London office reports Friday’s official closing quotations as follow, those for the previous week being shown in parentheses:— ♦ BUTTER. New Zealand, salted, 64s to 665, ex. 67s (66s to 70s; October 12, 1933, 96s to 100 s) (64s to 665. equals approximately 7.3 d f.0.b.); unsalted, 76s to 80S (78s to 80s; October 12, 1933, 104 to 108 s). Deliveries, New Zealand, 1800 tons. In store, 8841 tons, including 1066 tons ex Port Nicholson and Rangitane. Australian, salted, 64s to 67s (68s to 695); unsalted, 68s to 70s (70s to 725). Deliveries, Australian, 1025 tons. In store, 3794 tons. Danish, 87s f.0.b., 107 s spot (firm) (86s, 106 s to 107 s). Dutch, unsalted, 66s to 76s (66s to 765). Estonian, salted, 58s to 606 (58s to 635). Latvian, salted, 58s to 60s (58s to 625). Siberian, salted, 60s to 63s (61s to 625). Ukranian, salted, 61s (60s to 61s). Polish, salted, 54s to 58s (52s to 565). Lithuanian, salted, 58s to 60s (58s to 625). CHEESE. New Zealand, white, 48s to 48s 6d (5.18 d f.0.b.) (48s to 48s 6d; October 12, 1933, 49s to 50s); coloured, 48s 6d to 49s (5.24 d f.0.b.) (48s 6d to 48s; October 12, 1933, 47s to 48s). Deliveries, New Zealand, 20,077 crates. In store, 104,973 crates, including 3860 crates ex Port Nicholson. Australian, white, 475; coloured, 48s. Canadian, white, 50s to 52s (50s to 51s);

coloured, 51s to 52s (51s to 525); old season's white, 66s to 68s (62s to 665); c.i.f. white 495, coloured 525. Deliveries, Canadian, 12,882 boxes. In store, 99,155 boxes. English finest farmers, 82s to 88s (82s to 88s),