THE DAIRY INDUSTRY.

Auckland Star, Volume LIX, Issue 225, 22 September 1928, Page 4

THE DAIRY INDUSTRY.

rSC, MONTHLY REVIEW,

■% n CHEESE PROSPECTS GOOD.

In his monthly report to suppliers under date September 20, Mr. Wm. Goodfellow, managing director of the New Zealand Cooperative Dairy Company, says:— Butter.—After a period of activity our London office reported on the Bth inst. that a good selling week had been experienced, and this condition has since been maintained. Danish has been kept cleared, and the price has, in consequence, advanced to 195/ f .0.b., equivalent to over 202/ London. Anchor has been held firm for some weeks past at 186/, with other finest at a discount. Deliveries of New Zealand have averaged over 800 tons weekly during last month. Stocks in public stores in Great Britain amount to over 5000 tons, and shipments afloat total 2570 tons. In view of the shortage, the Dairy Produce Board has made arrangements to ship the early season's make as expeditiously as possible. There has been substantial business done with Eastern Canada, but quotations for some exporters have resulted in a regrettable cutting of prices. There has recently been an absence of demand from London for f.o.b. business, although some purchases have been made with the idea of influencii g consignments. Butter production in Canada has declined, considerably, especially in the West, owing to the improved prices for wheat, and unless the duty of %d per lb is increased, New Zealand butter will continue to be imported in considerable quantities in future years. Australia is experiencing dry weather in some of the dairy districts, but production is considerably ahead of last year. The producers of South Africa are reported to be establishing a price inflation scheme similar to the Australian Patterson plan. Stocks in U.S.A. are reported to be down 13,000 tons as compared with last year, but the production is so huge that this quantity after all is not very great for the United States, and it is doubtful if any substantial quantity of New Zealand butter will find its way to New York this season. Cheese.—The market continues quietly firm at 114/ for white and 112/ for coloured. London buyers have ceased operations for forward shipments. It is reported that they consider the prices asked by New Zealand factories are too high, and only a small quantity of cheese has actually been sold forward so far this season. Prospects, however are very good. The English summer make has been smaller than usual, and America is expected to buy increasing quantities, thus reducing the amount of Canadian cheese available for the British market. Dried Milk.—Prices are unchanged, and the recent increased rate of sale is beinir maintained. Casein.—The demand is very satisfactory, and light stocks Warrant the opinion that present values will be maintained for some time. The outlook for casein on the whole is better than anticipated some months since. There is every indication of another excellent season for casein suppliers.