DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 85, 9 April 1936, Page 11

DAIRY PRODUCE

I ONDON BUTTER MARKET. In their monthly survey of the dairy product trade dated February 18, i Samuel Page and Son, Ltd., London, : state that “during the past four weeks • the butter market has not been sub- ( jected to the surprising fluctua- - lion that had been experienced - more or less since October. The ; general tosition has, on the whole, been more encouraging and, notwithstanding intervals of quiet trade, has exhibited , a healthy tone, consequently the gen- - eral level of prices has advanced.” Although the higher values have been more noticeable with regard to Danish, Baltic States and Dutch butter than in Empire, the improved relative position of the foreign descriptions being principally owing to an active demand from , Germany and other European countries, it is satisfactory to mile that since our : last report New Zealand and Australian appreciated about 5s per cwt , despite the increased arrival of the latter during January of 34,700 cwt. At the enhanced prices the trade quieter, but up to date arrive s have kept well sold up and the market has had a steady undertone in consequence It is also a matter for congratulation that, as has been the ease for a wng time past, the customs imported ralue for January of Emp.re butter 13 r °" |v £200,000 more than in the tor ‘ e “ ponding month of last year notwrthstanding that the tonnage is o'er -ovm "l-hXher retaU price of butter has been reflected in a falling off m consumption and an appieciable in « e " se, J use of margarine, the average week y delivery during January of Ln S’ IS “ made bein<r 9 per cent, higher than January, 1935, whilst the »r foreign was larger, being ISb-ewt. a compared with 1264ewt. a year earliei, X the delivery of English margarine dL’ing the week ended lebruary I na. 242 tons greater than the cone-p htg week ot last year. These figures show a potential, if nothing more, threat to the steadiness of the butterj ma' ket. I