BUTTER AND CHEESE.

Shannon News, 2 October 1923, Page 3

BUTTER AND CHEESE.

HIGH PRICES AT HOME. 200 s REALISED. Tlie acting-manager of the New Zeaand Co-operative Dairy Company, Ltd. (Mr A. J. Sinclair) states that a cablegram received from Mr J. B. Wright contained some cheerful news tor butter producers in that it recorded the fact that, for the first time since last March, the price had touched 200 s per cwt. for the. company’s salted butter, and 210 s for unsalted. It would be 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 as 135 s and 140 s. Since that time, however, there had been a. steady improvement and, although the process was slow, it was satisfactory to know that now fair prices were being secured for the balance of last season’s output. The market was now reported to be very firm 1 , and it was likely to remain so for som,e little time. It was understood there would be remarkably little Australian butter arriving in London before Christmas. The market could therefore be expected to remain fairly good until about the middle of December, after which it was expected that it would decline 'as supplies arriving became heavier. The price for cheese, continued Mr Sinclair, was 12125, with a firm marketThe possibility was that a further advance might take place and here also it was expected that a. good miarket would prevail until slightly before Christmas. ' The outlook for milk powder was fairly good, alihougjh the American market was quiet. The company’s product was selling at 63/3 per cwt. Whole milk powder was selling at 130 s per_cwt. The sales for the week totalled"l7o tons. The Casein, market was reported to be quiet, but firm in tone. French was quoted at £BO and £B2 per ton: New Zealand at £74 and £76; Argentine, £6B.