NEW ZEALAND BUTTER
THE LONDON MARKET FIRM SAME PRICES AS LAST YEAR WELLINGTON, Saturday Advices from London show that the wholesale market for New Zealand butter has remained firm at 112 s per cwt over the past week. This price is Is per cwt above last week's closing level and Is equal to the rate ruling at the corresponding date last year. Recent quotations and those of a year ago compare as follows: Dec. 30 Dec. 23 Dec. 30 Butter— 1038 1938 1937 New Zealand .. 112/- 111/- 112/Australian .... 109/0 108/- 109/Cheese—N.Z:— White 69/- 69/9 64/Coloured 69/- 69/6 64/6 Canadian: White • 71/6 72/6 Coloured .... * 71/6 73/*Not quoted. The present price of I*l2s is equal to approximately 13.35 d per lb f.o.b. New Zealand ports, compared with the guaranteed price of 1 i.B9d per lb f.o.b. The London equivalent of the guaranteed price- is 124 s 3d pep cwt. The equivalent price of cheese is about 7.87 d per lb f.0.b., compared with the guaranteed price of 5.42 d.
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Bibliographic details
Waikato Times, Volume 123, Issue 20693, 31 December 1938, Page 3
Word Count
167NEW ZEALAND BUTTER Waikato Times, Volume 123, Issue 20693, 31 December 1938, Page 3
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