DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 200, 27 August 1935, Page 11

DAIRY PRODUCE

| BUTTER MARKET FIRM CHEESE AGAIN IMPROVES The London butter market continued steady last week, and closed firm, at unaltered prices. Deliveries of New Zealand butter last week totalled 1300 tons, hgainst 1648 tons for the previous week and 1414 tons a year ago. Australian deliveries were 1342 tons, against 1436 tons a year ago. The Imperial Economic Committee's estimated stocks of all butters in store is 1,179,272 boxes compared with 1,186,388 boxes a fortnight ago, and 1,857,298 boxes a year ago. New Zealand butter in store has dropped to 3020 tons, including 322 tons ex the Tort Gisborne, compared with 600 i) tons for the previous -week, and 11,842 tons a year ago. Australian stored butter shows a further drop of 4700 tons, against 5500 tons for the previous week, and 8966 tons a year ago. The cheese market showed a further improvement last week, and closed firm with New Zealand white at 49s to 50s, and coloured at 48s 6d to 49s 6d. Deliveries of New Zealand cheese last week totalled 20,662 crates, compared with 22,560 <crates a year ago. The quantity in store has dropped a further 5422 crates to 16.522 crates, compared with 126,860 crates a year ago. During the past four weeks New Zealand , stored cheese, has decreased bv nearly 50,000 crates. Canadian deliveries last week totalled 3422 boxes, against, 4920 boxes a year ago, while the quantity in store is 45,779 boxes, compared with 80.762 boxes a year ago. The Dairy Board’s London office reports last, week’s closing quotations as follow, those for the previous week be- • ing shown in parentheses:— Butter. New Zealand, salted (approx. 11.059 d. f.0.b.). 91s to 9<ss (94s to 955; August 23. 193 1. 79s to Sis); unsaltcd. 104 sto 106 s (104 sto 06s; August 23, 1934, 86s to 90s). Australian, salted. 93s to 94s (93s ’ to 945); unsaltcd, 100 s to 102 s (100 s to 102 s). Danish. 88s f.0.b., 109 s spot (87s aml 108 s). Dutch, unsaltcd. Sis to 87s (85s to 90s). Estonian, unsaltcd, 88s to 90s (90s to 925). Siberian, salted, 85s to 88s (86s to 89s). I’kranian. salted. 84s to 87s (—). Polish, salted, 82s to 83s (83s to 85s). Lithuanian, salted and unsalted, SGs to 87s (87s to 90s). Cheese. New Zealand, white (approx. 5.33 d. i.0.b.), 49s to 50s (48s to 495; August 19.34, 49s to 49s 6d); coloured (approx. 5.27 d. f.0.b.), 48s Gd to 49s 66

(47s to 48s; August 23, 1934, 46s to 46s 6-1). Australian, white, 48s; coloured. 475. Canadian, white. 52s to 53s (50s to ■”3s); coloured, 52s to 53s (50s to 525); c.i.i. 49s 6d (50s to 51s); old season’s white, 62s to 64s (64s to 655); 'coloured, 64s to 66s (60s to 665). English, finest farmers’ 82s Io 91s (82s to 91s). English, factorv 34s to 40s (31s to 40s). Agents’ Reports. A. JI. Turnbull and Co.. Ltd., havu received from their principals, \V. Weq--i"l and Co.. Ltd., the following cable dated London, August 23:—Roth markets steady. Butter: Danish, 108 s; New Zealand, finest, 94s 6d; Kangaroo, fine>t, 945. Cheese; New Zealand, white, Ills 6d; coloured. 48s (»d. Mr. Thomas Gray has received the following cable from Rowson and Co., Ltd., dated London. August 23: Chee e: New Zealand white 50s per rwt; coloured. 49s per cwt. Butter: New Zealand finest grade, 95s per cwt. Roth markets firm. 'The New Zealand Produce’s’ Cooperative Marketing Association’s weekly ca.bled market report dated London, August 23, is as fo'lows:Rutter: Market steady. New Zealand fjies-t grade, 94s to 955; Danish, 169- to IP's. Cheese: Market firm. New Zea bind white, 49s to 59s- ’coloured, 48s to 19s. Minimum f.o.b. Prices. The Now Zealand Dairy Board has fixed the minimum prices for f.o.b. and i.f. sales on the basis of: Butler, 10J<l; iieese, sd. Minimum prices are subject to agent’s selling commission of L*. p<»r cent. # Thcse prices are equiva1< nt to S7s 3d c.i.f.e. for butter and I Is c.i.f.e. for cheese.