PRODUCE PRICES

Hokitika Guardian, 14 June 1932, Page 8

PRODUCE PRICES

N.Z. PRICES AT HOME. Butter. —The butter market remained slow and uninteresting throughout the montli of May, quotations for Nr.. Zealand showing slight fluctuation'-’, Ob'down- to 94s with a recovery at the end of the month up to as high as 98s to 100 s. -Unfortunately, however, the advance was not maintained and our latest cables show that t-he market b r quietened with quotations down to 96s once more.

•Messrs W. Weddel and Co. cable that in view of the- fact that New Zealand and Australian grading,s continue to be above norma], buyers are showing i-c anxiety with regard to future suppries. There 'has also been a consideratervv'.*vs”v© to roll 1 Continental butters - the United Kingdom, particularly Da”jsh, and this has had a weakening feet. Much will depend on the N-o

ern Hemisphere production during J and July, but any great improvement in the market can hardly be expected until Northern Hemisphere countries are past their flu'h. The arrivals of New Zealand butter in June, July and August are jusl slightly lower than I'.ast year’s arriva-rs whilst our stocks in Cool Store in b >' Zen'grid are mu eh on a par with last year. Cheese. —In spite of the fact that the total stocks of New Zealand cheese in London are only about half, what t-W were at this time last year, the market has been slow and dull and our latest advices - are that- the market -is quiet a.+ round about 54s to 555. Canadian cheese is being offered freoiy at 5 . c.i.f.e., and our principals advise t!r 1 they expect no material improvement in the meantime.