DAIRY EXPORT MARKETS

Hokitika Guardian, 5 August 1930, Page 7

DAIRY EXPORT MARKETS

MR GOODFELLOW’S REVIEW. . “Quiet, steady trading has characterised the London butter market ditriug the past live iveeks,” stated Lt- Goocuehoiy, managing director of Amalgamated Dairies, Ltd., in hie monthly report to the suppliers of the sew Zealand Co-operative Dairy Company, Ltd. A healthy demand front tiie Continent had strengthened the position from the sellers’ point of ieAv. There had been the, usual seasonal .decline in New Zealand sales, nit, it Avas satisfactory to note the heavier clearings compared Avith the same period of last year. Greater consumption had taken place in America, and on July 1 stocks Avere reduced to 6000 tons more than on the same date last year. The indications Avere that the Avorld’s surplus production Avas being absorbed gradually, in spite of the adverse economic conditions.

The: average weekly delivery, of butter in London had been 883 tons during the 'last month, as against 705 tons for the same period last year. On July 1 there was 23,400 tons of butter in store. The f.o.ib. market lad been very quiet, but isolated sales had been made at up to Is 2sd per lb 'or finest early shipment. The! cheese market had quietly improved. There had been a shortage if coloured and a premium of up to Is had' resulted. Stocks of cheese, /ere estimated at 14,972 tons on July l, or 1500 tons more than in July, 1929. Interest in the f.o.b, business had not been pronounced, but some business bad been done at up to. 7/fd net,