Dairy Produce Market

Hokitika Guardian, 1 February 1923, Page 4

Dairy Produce Market

The position of the market for New Zealand butter i- reported strong at I latest adv.-.v. The tact that there! are still buyers offering to purchase j tit the present time at rates equivalent ( to present Louden values for the next few months, indicates that there is I litoie fear of |ru es easing for some j time t' l come (says the Auckland! T-iar'i. Equivalent to Is 7d per lb is being ' llered this week f.o.h. at Auckland, and by the time the butter reaches London it "ill have to compete with the spring make in England. One reason why the market for butter in London has held so well i- : the lesser quantity sent from Australia, where the drought seriously restricted, the* output this season. Queensland is expected to produce 5(1 per cent loss butter this sea-on and the ether States uce also seriously sho I. It lies ben estimated that about JO.IKIJ less j tons of butter "ii! reach the l.omhui j market this season, notwithstanding | tie- increased output from Xew Zea- ■ land. Favoured with a phenomenal growing season this year New Zetland letter producers are having a good .time, and it seems probidd > lactories will continue the output ol' hutter right through till the new season (pens. The output of hutter is a record one. and with satisfactory prices ruling in lie London market |rndu-Cei-s should Imv > littl • cause for e.'.ni. | I a i h 1. The market for cheese has eased ;n London the latest quota! nus being 15.*s per ewt. The position as between butter and cheese is that at the c.oniineiiceiiieiit of the season buffer vns the Letter proposition, as good prices filled in the London market. That bad the effect of ein-iug fsetoiies with dual plant- p> eeim "ntral on the manufacture of butter for the I aiiilim market bcau.-e that line tf’d better titan cheese. This r suited in v rv heavy shipntef.is of hotter being made, hut I'act’irh's did not sell the | seisc.a's mitpitt at the |U’ices off ring . ':• t tlv opening of the season, preferring to (eiitra. i from laenth to month. months ahead at prire- which have ri'e:-"nl •' '•line in the diee- . mnkel i" !.on 'on is n • J 'dit d ■ In l It..—. le eght :*V*d Iviug new a'.vi no (•■ ' " ft "ir heliline... A- tie"' 'icvlil at a! t lf!?s. Dice have still a good > ,'C nr,',lD at the pr - net d ed rale „r from 12?- to l?ls.