DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 278, 26 November 1935, Page 11

DAIRY PRODUCE

BUTTER MARKET STEADY CHEESE FIRM The London butter market was quiel last week, but closed steadier at 103 j to 104 s a cwt. for New Zealand finest salted. Deliveries of New Zealand but ter last week totalled 2066 tons against 2793 tons fc-r the previous week anc 1703 tons a year ago. Australian de liveries were 1598 tons compared with 1197 tons for the previous week am 1298 tons a year ago. N-evv Zealand butter in store now totals 3988 tc-ns including 2040 tons ex Mataroa anc Poit Bowen, compared with 3842 tom for the previous week and 5429 tom a year ago. Australian stored buttei amounts to 1120 tons compared witl 1011 tons lor the previous week anc 2576 tons a year ago. The cheese market was steady lasi week, prices showing a slight advance on the previous week. Deliveries c 4 New Zealand cheese last week wen 18,283 crates, compared with 15,571 crates a year ago. The quantity ir store is 70,018 crates, including 22,001 crates ex Mataroa and Fort Bowen compared with 68,054 crates a year ago, Canadian deliveries were 9859 boxes compared with 6761 boxes a year ago. while the quantity in store totals 145,895 boxes, compared with 141,70 C boxes a year ago. The Dairy Board’s London office re ports last week’s clc-sing quotations as follow, those for the previous week being shown m parentheses:— Butter. New Zealand, salted (equals approximately 12.20 d f.0.b.), 103 s to- 104 s (102 s to 103 s, ex. 104 s; November 23, 1934, 73s to 755); unsalted, 108 s to 110 s (108 s to 110 s; November 22, 1934, ils to 78s). Australian, salted, 102 s to 103 s (Hils to 102 s); unsalted, 108 s to 110 s (104 s to 106 s). Danish, 104 s f.0.b., 123 s to 124 s spot (105 s and 124 s to 1255). [South Africa, 94s to 98s. Dutch, salted, 100 s (100 s to 104 s). unsalted, 107 s to 109 s (109 s Siberian, salted, 98s to 102 s (98s). Polish, salted, 96s to 97s (94s to 9Ss); unsalted, 96s (965). Lithuanian, salted, 100 s (102 s unsaltc I, JOls. Cheese. New Zealand, white- (equals approximately 5.74 d. f.0.b.), 52s Gd. to 53s (51s to 525; November 22, 1934, 49s 6d to 50s); coloured (equals approximately 5.87 d. f.0.b.), 53s 6d to 54s (51s to 525; November 22, 1934, 48s to 495). Australian, white, 49s to 51s (48s to 50s); coloured, 50s to 52s (48s to 50s). Canadian, white, 58s (58s); coloured, 58s to 59s (58s); old season’s white, 65s to 68s; old season’s coloured, 70s. English finest farmers’ 100 s to 106 s (96s to 106 s). English factory, 42s to 52s (44s to 525). Agents’ Reports. The New Zealand Producers’ Cooperative Marketing Association’s weekly cabled market report from London dated November 22 is as follows: Butter market has improved during the 'latter part of week. New Zealand, finest grade, 103 s to 104 s; first grade, 102 s. Danish, 1235. Cheese market firm. New Zealand, white, 52s 6d to 535; coloured, 53s 6d io 545. Mr. Thomas Gray has received the following cable from Rowson and Co., Ltd., dated London, November 22: — Cheese; New Zealand, white, 53s per cent; coloured, 34s per cwt. Butter: New Zealand, first grade, 102 s per cwt; finest grade, Jo4s per cwt. Both demand slow, market steady. A. H. Turnbull and Co., Ltd., have received the following cablafrom their principals, W. Weddel and Co., Ltd., dated London, November 23:—Butter: Market quiet. Danish, 1245, New Zealand finest, 103 s. Kangaroo finest, 102 s. Cheese: Market firm. New Zealand white, 535; New Zealand, coloured, 545. Minimum f.o.b. Prices. The New Zealand Dairy Board has fixed the minimum prices for f.o.b. and c.i.f. sales on the basis of: Butter, 11 id., cheese s|d. Minimum prices are subject to agent’s selling commission of J i per cent. The prices are equivalent to 93s c.i.f.e. for butter, and 45/11 c.i.f.e. for cheese.