PRODUCE PRICES

Hokitika Guardian, 16 October 1928, Page 2

PRODUCE PRICES

The Hollowing are the top London quotations for the past five weeks. September Bth to October (ith : Danish butter, 1925, 200 s, 1995, 19Gs, 19ds. New Zealand unsalted. 190 s, 190 s. 'ISOs, 190 s. 190 s. New Zealand salted, 184 s, 184 s, 184 s, 18 Is, 184 s. .Market: Firm, quiet, quiet, quiet. New Zealand cheese: Ills, 114 s, Ills, 114 s, lids. New .Zealand cheese, coloured: Ills, 11 s, 112 s, 112 s, Ills. Market: Firm, quiet but firm, quiet, quiet. 1 15 UTTER. Quotations in London for New Zealand salted butter have remained steady throughout the past live weeks, but the tone .of the market has changed from firm to quiet. Owing to a dry and warm autumn and consequent falling off of supplies in Continental countries, there has been more demand for Danish with a resultant sharp vise t 20Ds in London, but a subsequent reaction has .reduced the quotation to 1965.'

' Australian—-Kangaroo brand—both salted and unsalted hpre fallen notwithstanding the rise in Danish and the waterside strike in Australia. October shipment butters of this brand are now offering c.i.if. at lots foi salted and 166 s lor unsalted. This, combined with the September gradiAgs in New Zealand, which are appended and shew an increase in butter-jfat production of 17.47 per cent., have had their immediate effect on the New Zealand butter market and forward selling h"s almost entirely ceased for the time being. Cabling last week, Messrs W. Wedded and (V Ltd. refer to the present position as follows : “ Colonial butter market featureless. Drop in Australian quotations for October shipment to 154 s c.i.L, causing spot buyers to operate only for their immediate requirements. Market appears more likely to decline than advance.”

CHEESE. Market .continued steady and firm until the end of September, when the increased production in New Zealand, together with lower quotations from e Canada somewhat weakened the market with a drop of Is per ewt. London advise- that a further (fall in prices may be expected during the present month, but that they hold a good opinion of the future and consider that prices should follow much the same course as last year, when the end of the season production benefited by the higher rates ruling.