BUTTER AND CHEESE

Evening Post, Volume CIX, Issue 46, 24 February 1930, Page 12

BUTTER AND CHEESE

HAND-TO-MOUTH BUSINESS

LONDON,'22hd February.

The tendency- in the,butter market is still downward, and there are prospects of a further decline, as imports are much in excess of trade requirements, and a lowering of the retail, prices has; failed to stimulate the consumptive demand.

Imports from all European countries have increased. Those from Australia and New Zealand in February, and the heavier than a month ago, while large quantities are advised as leaving Australia and New Zealand n February, and the bookings for March indicate that we: shall have more than ample supplies-for some months. In this state of affairs buyers are naturally only operating from hand to mouth. • . ■ ' '

The New Zealand Dairy Produce Board has received the following market report from its London office, dated 21st February, with previous week's prices in parentheses:— i

Butter: New Zealand salted, 1445-146s to 148s (150s to 1525); unsalted, 158s to 166s (164s to 1725); 145s equal approximately Is 2d f.0.b.; first,whey, 138s (1425); second whey, 136s (140s). Deliveries New Zealand this week 1316 tons; in store, 4141 tons. Last year 2900 tons in store. Australian, salted, 140s to 1425, ex 1445; unsalted, 144s to 148s, Argentine, unsalted, 140s to 1445. Danish, 166s f.0.b., 172s to 1765. Dutch, unsalted, 180s to 184s. Polish, 130 a to.. 1425. Market steadier at slightly reduced prices. New Zealand retail price expect reduction to Is 6d Monday next. Although supplies in sight for next few months are more than last year, and notwithstanding general sub-normal trade conditions, in our opinion, prices for remainder of season should average not less than present level. ... Prices of New Zealand ■ salted this date last year were 170s to 1765. Cheese: New Zealand, white, S6s to 87s (90s); coloured, 84s ■to . 86s (88s to 89s); 86s equals approximately 7.9 d f.o.b. Deliveries New Zealand this week 17,707 crates. In'store 46,844 crates; last year 91,000 crates' in store. Canadian,, white, 96s to 100s. (96s to 100s); .coloured,; 96s to 98s (965-to 98s). Deliveries Canadian, 3694 boxes, last year 2682 boxes; in store, Canadian, 136,682 boxes; last year 72,487 boxes. English finest fanners, 112s to 120s (112s to 120s). Market slow. Eetail prices unchanged." . ■■: Messrs.. Joseph: Nathan and Co., Ltd., have received the following market report from Messrs. Trengrouse and Nathan, Ltd:, London, dated ,21st February: "New Zealand butter better . demand, 146s to 1475. . . '

The New Zealand Producers' Co-opera-tive Marketing Association's weekly cabled market report from London dated 21st February also gives prices and describes the butter as "steadier" and cheese "market slow." The Bank of New Zealand Produce Department has received the following advice from its London office as at close of business last week: Butter quiet, 147s to 148s; cheese, white, 80s, coloured 84s.