PRODUCE REPORT

Hokitika Guardian, 18 March 1931, Page 2

PRODUCE REPORT

Butter—During February tbe London butter market showed a considerable improvement and from lies per cwt on tbe 7th., quotations increased to 122 s Gd per cwt. on the 20th.. but towards tbe end of the month and early in Alarch, the market has shown a somewhat- weakening tendency, Alessrs AV. AVeddel and Co. Ltd. cable that the butter stocks in United Kingdom are generally small, but particularly so with regard to Australian “Kangaroo” brand which meets with a ready sale immediately it is landed. New Zealand “Fern leaf” is in larger supply and demand is dull, and whereas tbe market shows a slight falling

tendency in the near future they are of the opinion that, we may see an improvement later with a firm market. FOR WAR 1) BUSINESS. There was quite a hri.sk demand for butter by forward buyers about the middle of February and quite a number of buyers bought fair quantities at prices ranging from 12Ad up to Is Id, The demand was soon filled and no ->les have been reported for some days. CHEESE. In spite of the somewhat adverse stock position, the market during February and right up to the first week in March lias been remarkably firm and a considerable increase in the weekly deliveries is shown, which is certainly satisfactory. Thee is a distinctly better tone in the Cheese market on account of the much more active operations of buyers. With the retail price at Bd, considerable stocks have been cleared and in view of the probability of increased consumption of cheese shortly, Messrs W. Weddel and Co. Ltd. think that the market is more likely to advance than decline in the near future. Some forward business has been dope at round about 6d to G.id, but buvors have again retired having filled their requirements.