BUTTER

Otaki Mail, 5 October 1923, Page 4

BUTTER

Tile acling-manageir of the New Zealand Co-operative Dairy .Company, Ltd. (Mr A. J. Sinclair) "states that a cablegram from Mr 3. B. Wright contained some cheerful news for hutter producers in that it recorded the luct that, lor the first time since lust March, the price had touched 200 s per cwt. for the company's salted butter, and 210 s for unsalted. Jt would he remembered, he said, that in March last the heavy supplies upon the London market caused the price to drop very suddenly until, by the middle of April, it was down as low a s 135 s and 140 s. Since that time, however, there had been a steady improvement and, although the process was slow, it was satisfactory t.o know that, now fair prices were being secured for the balance of last season's output.

'JL'he market was now reported to be very llilh, and 11 was fikeiy to reina-m so ior some little nine, it was understood there would be remarkably little Australian butter arriving m London before Christmas. The market could therefore be expected to remain unity good until aoout trie middle ol December, alter which it was expected that it woufd decline, as supplies arriving necame heavier. The price ior cneese, continued Mr Sinclair, was i&Js, with a firm marketThe possibility was that a further advance might take place and here also it was expected that a good market would prevail until slightly beioie Cliristmas.

The outlook for milk powder was fairly good, alnhourjh tlie American matKet was quiet." The company's product was selling at (13/3 per cwt. Whole milk powder was selling at 130 s per cwt. The sales for the week totalled 170 tons.

The casein market was reported to be quiet, but firm in tone. French was quoted at £BO and £S2 per ton ; New Zealand at £74 and £7O; Argentine, £6B.