DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 11, 14 January 1936, Page 11

DAIRY PRODUCE

BOTH MARKETS WEAK PRICES DECLINE The recent improvement in the London butter market was not maintained last week, and after reaching 101 s for New Zealand finest, the market had dropped by the end of the week to 965, and closed weak and quiet. Deliveries of New’ Zealand butter last week were 2311 tons, compared with 2643 tons for the previous week, and 2698 tons a year ago. Australian deliveries totalled 2552 tons, against 2582 tone a year a g°The Imperial Economic Committee’s estimated stocks of all butters in store at January 4, was 350,730 boxes, compared with 507,925 boxes a year ago. New Zealand butter now in store totals 3118 toiir--, including 505 tons ex the Port Caroline, compared with 3822 tons for th© previous week, and 4383 tons a year ago. Australian stored butter amounts to 2641 tons, compared with

2434 tons for the previous week, and 3930 tone?, a year ago. The cheese market also eased last week, closing quiet at 56s for Now Zealand white, and 60s for coloured. Deliveries of New Zealand cheese last week totalled 17,468 crates against 22,963 crates a year ago, while the quantity in store, including 13,300 crates ex the Port Caroline, is 49,642 crates, compared with 74,247 crates a year ago. Canadian deliveries last week were 5113 boxes, against 7882 boxes a year ago, while the quantity in store is 136,461 against 139,176 boxes a year ago. The Dairy Board’s London office reports last week’s closing quotations as follow, those for the. previous week being shown in parentheses: — Bjitter. New Zealand salted (equals approximately 11.31 d. f.0.b,), 96s to 97s (98s to 100 s; January 10, 1935, 82s to 84s); unsalted, 102 s to 104 s (102 s to 104 n); January 10, 1935, 84s to 86s). Australian, salted, 95s to 96s (98s to 995); untaltcd, 101 s to 102 s (100 s to 102 s). ♦ Danish, 100 s f.0.b., 102 s (spot) (107 s and 128 s). Argentine, unsalted, 94s to 100 s (94s toDutch, unsalted, 96s to 109 s (92s to 107 s). Cheese. New Zealand, white (equals approximately 6.22 d f.0.b.), 56s to 57s (57s 6d to 58s; January 10, 1935, 48s to 49r5; coloured (equals approximately 6.73 d. f.0.b.), 60s to 61s (61s 6d to 625; January 10. 1935, 48s to 495). Australian, white 53s tc- 55s (54* to 565); coloured, 57s to 59s (57s to 595). Canadian, white, 59s to 62s (59s to 625); coloured, 61* to 64s (62s to 645); old season’s white, 64s to 68s (64s to 68s). English, finest farmers’ 96c to- 106 s (96s to 106 s). English, factory, '4Bs to 50s (40s to 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, lljd; cheese, 5Jd. Minimum prices are subject to agents’ selling commission of' 14 per cent. The prices arc equivalent to 92/10 c.i.f.e. for butter and 49/7 c.i.f.e. for checee. Agents’ Reports. The New Zealand Producers Cooperative Marketing Associut. m s weekly cabled market report from London, dated January 10, is as follows: Butter: Market is dull and very little doing. New Zealand, 94*s to 90s; Danish, 120 s to 1225. Cheese: Market is slow and prices have declined. New Zealand, white, 55s Gd to 565; coloured 59s to 60s. Mr. Thomas Gray hae received the following cable from Rowson and Co., Ltd., dated London, January 10: Cheese, 56s per cwt., white: 60s per cwt. coloured. Butter: 95s per cwt. first grade; 96s per cwt. finest grade. Both markets weak and quiet. A. H. Turnbull and Co., Ltd., have received the following cable from their principals, AV. AVeddel and Co., Ltd., dated London, January 10:—Both markets weak. Butter: Danieh, 1225. New Zealand, finest. 965. Kangaroo, finest, 955. Cheese: New Zealand, white, 565; coloured, 60s.