DAIRY PRODUCE.

Waikato Times, Volume 105, Issue 17750, 29 June 1929, Page 9

DAIRY PRODUCE.

LONDON MARKET QUIET.

DRY WEATHER THE CAUSE. RISE IN BUTTER QUOTATIONS. The London market has been fairly quiet during the past month, dry weather conditions holding up the market despite the heavy stocks, states the monthly report on the London butter market, a'? supplied by Amalgamated Dairies, Ltd., appearing in this month’s issue of “The Dairyfarmer.” The report reads:—•

Butter. An examination of the quotations given below shows a similarity with last year’s prices for both New Zealand and Danish, while the total deliveries are very much the same. The effect of a prospective advance in the retail price is shown by the larger deliveries for the fortnight ended Bth June, the retail price being advanced to Is 9d on the 10th. Following the rise, deliveries for the last week showed a decided drop. Stocks in public stores in the United Kingdom on June 1 totalled 19,400 tons, compared with 11,000 tons on the same date last year.

Danish hutter is now full grass and regular in quality, thus enabling an improvement in quotations and adding strength to the market. The heavy stocks are bound to exert a depressing effect unless there is a continuance of dry weather conditions in Great Britain.

Weekly prices, deliveries and stocks have been as follows (last year's figures in brackets) : Week ended May 18. —“Anchor,’’ 168 s (170 s) ; Danish, 168 s (178 s); London deliveries of N.Z., 1230 (1067); London stocks of N.Z., 9180 (4920). Week ended May 25.—“ Anchor,” 168 s (1725); Danish, 164 s (168 s); London deliveries of N.Z., 654 (967); London stocks of N.Z., 8818 (4444). Week ended June I.—“ Anchor,” 170 s (1725); Danish, 166 s (168 s); London deliveries of N.Z., 973 (560) ; London stocks of N.Z., 9765 (4177). Week ended June B.—“ Anchor,” 172 s (1725); Danish, 172 s (1725); London deliveries of N.Z., 1009 (719); London slocks of N.Z., 9090 (4156). Week ended June 15. —"Anchor,” 172 s (1745); Danish, 172 s (1725); London deliveries of N.Z., 626 (989); London stocks of N.Z., 8764 (4921). Total London deliveries of New Zealand, 4492 (4302). Average weekly delivery of New Zealand, 898 tons.

Average weekly delivery of New Zealand previous month, 1247 tons. There has been an entire absence of demand from London for early shipment, nor lias there been any enquiry for factory outputs as was the case this time last year.

Production conditions in Australia are normal this winter, and with heavy London stocks >are undoubtedly influencing the position.

Choose. The market has taken a much desired turn upwards, mainly due to the American demand for Canadian. Large quantities of Canadian cheese are absorbed by the manufacture of processed cheese in the States, and with the possibility of an increase in the duty of 2 cents, most of the present make of Canadian is going across the border.

This activity is opportune as London stocks on June 1 were 50 per cent ahead of last year.

The warmer weather in England has given a fillip to consumption, and altogether the cheese position is much brighter than a montli ago. Prices have ruled as follows: —

Week ended May IS.—Conditions of market, very quiet, white, 80s (90/97) ; coloured, 88s; Canadian, 84s c.i.f.

Week ended May 25.— Conditions of market, steady; white, 89s (90s); coloured, 91s (98s); Canadian, 87s Gd c.i.f.

Week ended June I.—Conditions of market, quietly steady; white, 80s (98s); coloured, 91s (100 s); Canadian, 88s Gd c.i.f.

Week ended June B.—Conditions of market, firm; white, 93s (995) ; coloured, 90s (100 s); Canadian, 91s Gd c.i.f.

Week ended June 15.—Conditions of market, quiet; white, 92s (102 s); coloured, 945; Canadian, 94s Gd c.i.f. One or two F. 0.8. sales to London have taken place for parcels and for early shipment at B id to B|d

Casein. Practically every shipment is cleared as it arrives. “Anchor” quality has been better than ever this season, and sales have been well distributed amongst the various industries.

Milk Powder and Condensed Milk

With the advent of warmer weather in the United Kingdom, slightly better prices are ruling for condensed milk. Milk powder continues much the same.