BUTTER MARKET

Evening Post, Volume CXXVIII, Issue 26, 31 July 1939, Page 12

BUTTER MARKET

DEMAND SUSTAINED RISE IN RETAIL PRICE ] (By Telegraph—-Press Association—Copyright.) ! ' LONDON, July 29. I Butter is moving irregularly} with a ! large consumptive and speculative inquiry on each setback, specially in view of the declining Continental arrivals. | Consumption remains unchanged despite the advance of Id in the retail price. MARKET FIRM . The Dairy Board, by arrangement with the Marketing Department, reports the-butter market as "firm at the close after active buying in the middle of the week at lower prices" in London on Saturday. Prices quoted for salt butters, with those for the week before, were: — Per cwt. Per cwt. July 22. July 29. Xew Zealand . 122/- to 124/- 120/Australiaii .. 112/-to 114/- 110/- to Hi/Danish, spot . 329/- to 130/- 127/- to 128/Polish 106/- to 108/- 1.04/- to 10./----lrish 121/- 120/Dutch 10S/- 10C/- to 108/South African — 100/Unsalted butter prices are as foi- \ lows:—New Zealand, 120s per cwt; Aus- i tralian, 110s; Dutch, 106s to 108s; Lithu- | anian, 108s to 110s; Polish, 104s to 106s. j The store position of butter.at latent date of advices compared with that of a ! year ago was as follows: — ■> July 2S, 1039. July 2S, 1035.! Tons Toii3. j New Zealand 4371 0440 j Australian 7719 4119 Wholesale prices for cheese compare as follows: — Per cwt. Fer cwt. July 22. July 29. ; Xew Zealand— White 03/- 00/Coloured G5/- to G6/- 62/----iustralian— White 59/- to 02/- 56/- to 58/Colonred .... 01/- to 63/- '58/-to DS/- ■ Canadian— White — 02/- to 63/Coloured — 60/- to 01/Old season's Canadian white, 73s to ,f76s, coloured 73s to 765. RETAIL PRICES. Retail prices for New Zealand butter and cheese are reported by the Marketing Department as Is 3d per ib for butter, and 8d per lb for cheese. The price of Danish butter is Is 4d. Prices are unchanged. London advices for the week ended July 22 indicated that an endeavour to maintain butter at high levels had been unsuccessful. There was a continued lack of spot inquiry- Total imports of butter for June were 51,584 tons, the highest monthly import ever recorded. The higher retail prices for butter tended slightly to check public consumption.