NEW ZEALAND BUTTER.
LONDON MARKET. STRENGTH OF FORWARD BUYING. AUCKLAND, Saturday. Advices from London state that th® butter market is active, with choicest salted New Zealand selling at 118 a per cwt., with one quotation at 119 s. This is the highest London price since 1931, and is equal to 147 s in New; Zealand currency. Buyers are willing to pay 13d per lb., f.0.b., equivalent to 110 s per cwt., London, for butter which will not reach England until Christmas. However, it is reported that factories prefer to consign and little business is passing. The strength of the forward market is surprising, and it is stated that it can hardly be accounted for by ordinary circumstances. Cheese also is firm, with prices for while and coloured ranging between 58s and GOs. The top price, which is the highest since December, 1932, is equal to 74s in New Zealand currency.
An Interesting Comparison.
The following table compares til® mean closing quotations on the London market for last week and a year ago:—
Oct. 4 Sep. 27 Oct 1935 1935 1934 Butter— s d s d s d N. Zealand 118 0 115 6 69 0 Australian 116 6 114 6 6S 0 Danish Cheese—A'ew 125 C Zealand: 130 0 106 0 White 58 0 58 0 48 3 Coloured . Canadian: 5S 0 58 0 48 9 White 58 0 5S 6 51 a Coloured . 5 9 G 58 6 51 0
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19351005.2.68
Bibliographic details
Waikato Times, Volume 118, Issue 19699, 5 October 1935, Page 8
Word Count
241NEW ZEALAND BUTTER. Waikato Times, Volume 118, Issue 19699, 5 October 1935, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in