DAIRY PRODUCE MARKET.

Waikato Times, Volume 97, Issue 15980, 7 May 1924, Page 5

DAIRY PRODUCE MARKET.

BUTTER PRICES IMPROVED. REDUCTION FORESHADOWED. PROBABLE FUTURE PRICES. The New Zealand Co-operative Dairy Company has received the following week-end cable from its London manager, Mr J. B. Wright:—Butter, Anchor brand, 178 s, market reported qiuet; weak holders are selling down to 170 s. Danish 200 s f.0.b., due to heavy sales to Germany. Owing to consistent underselling by competitors, we will probably require to reduce prices. New Zealand butter is selling at Is 6d and and Is 7d retail, and Danish Is 9d to 2s. Cheese is quoted at 86s for white and coloured. Mr W. Goodfcllow, managing director of the Company, regards the cable as very satisfactory, but says it is regretted that the market was held down for several weeks when large quantities of butter were disposed of at low prices. Mr Goodfcllow says It is extremely difficult to forecast with any degree of accuracy the London market values for the next few months', but indications are that prices will range round about 170 s. ADVANCE PAYMENTS. NO CHANGE IN CHEESE. SUPERFINE BUTTER Is 2|d. The Company yesterday fixed the advance prices for the month at butter, superfine, direct delivery, Lljd per lb. Cheese, dried milk and casein advances will remain unaltered.