PRODUCE REPORT

Hokitika Guardian, 18 June 1928, Page 4

PRODUCE REPORT

The following arc ihe top London quotations for the past four weeks, May 19th to Juno 9th:— Danish butter ISOs, 1725, 169 s and 178 s. New Zealand, unsalted, 1765, 1765, 1745, and 176 s New Zealand, salted, 170 s, 170 s, 168 s and 1725. , New Zealand cheese, white, 975, 975, 99s and 100 s. New Zealand cheese, coloured, 975, 975, 99s and 100s* BUTTER. The increased production in the Northern Hemisphere during May was responsible for a fall in Danish butter of 8s to 9s. New Zealand, salted, although weaker, maintained its value until the last week when a temporary drop of 2s was reported, followed by a 4s rise during the first week of the present month, bringing our latest quotations to 168 s to 1725. London report's that the market is now firm with hardening tendency, owing to unfavourable weather conditions, delaying production. The statistical position at the present time could hardly be stronger, stocks of New Zealand butter in London being very low, and amounting to only 4156 tons, whilst in New Zealand some 4381 tons are stored, as against 8700 last year. Forward buyers continue to absorb any offerings at from Is 4id for first grade to Is 5d for finest. CHEESE. The market throughout the month lias continued to improve with latest quotations at 100 s. Prospects for the balance of season seem particularly bright and with the decreased stocks in New Zealand, as compared with last year, prices should further improve. ■ - Forward buyers are showing renewed interest and sales have taken place for small parcels of end of season’s make at 9|d to 91 d per lb.