DAIRY PRODUCE

Wanganui Chronicle, Volume 75, Issue 119, 23 May 1932, Page 9

DAIRY PRODUCE

THE LONDON MARKET Messrs Samuel Page and Son report under date of May .1.9: — Butter.—Market demoralised. Danish. 98s to 100 s (104 s to 106 s); N.Z. finest salted. 93s to 95s (96s to 975); Australian, finest unsaltcd, 92s to 94s (95s to 975); Australian, finest salted, 92s to 94s (95s to 975) « t Australian, G.A.Q., 88s to 90s (90s to 945). Cheese.—Market slow: quotations nominal. N.Z. white, 55s to 56s (57s to

58s); N.Z. coloured, 55s to 56s (58s); spot prices for Canadian white, 66s to 72s (68s to 725); spot price for Canadian coloured, 66s to 72s (68s to 725); Under date of April 7, Messrs. Samuel Page and Son write as follows: -“From the date of our last survey up to the Easter holi lays the demand for butter of all kinds was slew and the principal feature of note was a further heavy decline in the f.o.b. value of Danish*. This quotation dropped to 96s in the middle of March, and it is therefore a matter for congratulation that - , values of New Zealand and Australian receded only 2s to 3s, while Danish, was falling go fast. Since the holidays Danish has steadied at about 1005 f.0.b., while the demand for Australian has been consistently good, which, in turn, has favourably affected the sale of New Zealand, and the market to-day is lirrnj if somewhat quiet. It is interesting to note that at 100 s f.o.b. the Danish exporter is receiving less for his produce than the Australian and New Zealand shippers. A further notable feature of the market is a shortage of under-priced descriptions; available supplies sell readily and command almost the price of finest. “Figures published in the Board of Trade Journal show a striking increase in the consumptin of butter in this country during the last six years, estimated at 51b. per head of the population. In 1924 the total make of butter in Great Britain was 667,000 cwt. and the total importation 5,096,000 cwt. representing a consumption of 288,150 tons. In 1930 the make i Great Britain had arisen to 1,005,000 cwt. and the importation to 6,648,000 cwt., representing a total consumption of 382.650 tons; and it is certain that 1931 shows a further advance on these remarkable figures. “Cheese quotations during the past four weeks have fluctuated slightly; just prior to the holidays sellers found it necessary to offer buyers some inducement. but the weakening was slight and only temporary and since the holidays there has been a steady demand, arrivals' clearing _ as and values are about a shilling hignei than they were at the date of our last report.”