DAIRY PRODUCE

Wanganui Chronicle, Volume 79, Issue 111, 12 May 1936, Page 11

DAIRY PRODUCE

Both Markets Firm AN UPWARD TENDENCY The London butter market was linnet last week) with a slight rise in prices the market closing at 88s to B'Js foi New Zealand linest salted, with, tue retail price unchanged at lid a lb. De UvCiies of New Zea.and butter lasi week totalled 2053 tons, compared W'itt 1920 tons a year ago. Australian de liveries were 1817 tons against 3121 tons a year ago. New Zealand buttci in store now totals 4176 tons, inciudhq 301 tons ex the Akaroa, compared witl 455 tons for the previous week am 6540 tons a year ago.. Australian storm butter amounts to 3412 tons agains 7353 tons a year ago. The cheese market has also improved and closed lirin at 57s tor white and 55. i'or coloured. Deliveries of New Zealaiii cheese last week were 18,446 crates against 19,261 crates a year ago, whib the quantity in store is 97,867 crate compared with 170,986 crates a yea ago. Canadian deliveries were 433' boxes against 3809 boxes a year ago while there are now 67,623 boxes ii store, compared with 60,653 boxes J year ago. The Dairy Board’s London oilice re ports last week’s closing quotations a follow, those for the previous weel being shown in parentheses;— Butter. New Zealand, salted (equals approxi matcly 10.30 d f.0.b.), 88s to 89s (87: to S8o; May 8, 1035, 77s to un baited, 88s to 89s (87s to 88s; May 8 1935, 79s to 80s). Australian, salted, 87s to BSs (87s) uns: ilted 87s to 88s (87s to 88s).’ Danish, 79s f.0.b., 110 s to 101 s spot (79s to IUOs to 101 s). Dutch, unsalted, 84s to 86s (84s tc 88s); salted, 85s (855.). {Siberian, salted, 87s. Polish, salted, 82s to 83s (Sos tc 84s); unsalted, 82s (82s to Bas).~ Lithuanian, unsalted, 85s to 87s. The board has received the following advice from its agents in Canada:— Butter: New York, 28i cents a lb., Montreal, 191 cents. Cheese. New Zealand, white (equals approMmatcly 6.22 d f.0.b.), 56s 6d (55s to 55s 6d; May 9, 1035, 43s 6d to 445); coloured (equals approximately 61J0U f.0.b.), 54s 6d to 55s (54s to 555); May 9, 1935, 44s 6d to 455). Australian, coloured, 52s to 53s (51s to 52s 6d). Canadian, white, 62s to 64s (O-- 4 665); coloured, 65s to 66s (64s to 665), English, finest farmers’, 80s to 86s (80s to 86s); factory, 49s to 54s (49s to 545). Position of Stocks. The board’s London office also advises as follows: — Butter. —Northern Hemisphere spring late, but production now rapidly increasing. Consumption Holding web at higher prices. Eurther .14,000 tons stock accumulation likely during next three months, but traders' present stocks not heavy. Cheese. —No change in position, which is sound. Canada has announced discontinuing subsidy on exports. Home manufacture about last year’s level. Increased milk supply going into butter. Minimum f.o.b. Prices. The Dairy Board has fixed the minimum prices for f.o.b. and c.i.L sales on the basis of; Butter, lid; cheese, The minimum prices are subject to agents’ selling commission of li pci cent. The prices are equivalent to 89s Id c.i.f.e. for butter and 49s 7d c.ii.e. for cheese.

Agents’ Reports. Mr. Thomas Gray has received the following cable from Messrs, lluwson and Co., Ltd., dated London, May SiCheese: New Zealand, while, 5/s pel cwt.; coloured, 55s per cwt. Butter. New Zealand finest grade, 88s 6d per cwt. Both markets have upward tendency. The New Zealand Producers’ Co-oper-ative Marketing Association’s weekly cabled market report from London uatod May 8 is as follows: —Butter: Market steady. New Zealand, 88s to 89s; Danish, 100 s to 101 s. Cheese: Market firm. New Zealand, white, 56s 6d to 575; coloured, 54s 6d to 555. Joseph Nathan and Company, Ltd., have received from their principals, Trengrouse and Nathan, Ltd., London, the following cabled advice, dated May S.—New Zealand butter, 88s _to 89s. New Zealand cheese: White, 575; coloured, 555. Both markets firm. A. 1-1. Turnbull and Co., Ltd., have received the following cable from their principals. W. Weddel and Co., Ltd., dated London, May 8:—Both markets steady. Butter: Danish, ,101 s New Zealand, finest, 88s; Kangaroo, finest, 88s. Cheese: New Zealand, white, 575; coloured,