FIRM BUTTER MARKET.
LATE QUOTATIONS. MESSRS WEDDEL'S REPORT.
Messrs W. Weddel and Go., Ltd., liavo cabled quotations. I’ox butter and cheese as follows: 29th Dec. 4th Jan. Danish butter 218 s 22Us to 22ss N-Z. unsalted, 212 s to 214 s 216 sto 218 s N.Z. salted 208 s to 210 b 210 s to, 214 s N.Z. cheese w. 100 s to 102 s 102 s to 104 s do. coloured 100 sto 104 s 104sto'106s Butter.—The butter market weakened just alter the loth of December and it looked as though prices would go lower, but in spue Qf the heavy shipments which are being made, the spot market has again firmed. Quotations have now been at a high level lor some considerable time and although the statistical position is sound and there is a possibility of a shortage of butter stocks in the United Kingdom, during the next few months, it must be remembered that ibutter, at the present high level,, is beyond the reach of a large proportion of the consuming public and is undoubtedly at a dangerous level. Cheese. —The spot market has remained remarkably steady in face oi the heavy shipment afloat, but London buyers are anticipating a heavy decline. Recently, forward sales of cheese for December .shipment have been made at round about B£d net, f.0.b., but London forward buyers at the present time, are more inclined to reduce their ideas to B£d. Australia.—There have been heavy rains in Australia and although this rain will he too late to have much effect on the exportable surplus from Australia, it will mean that they will have sufficient for their local market and it is unlikely that Australia will be calling on New Zealand for any large supplies of butter this winter. The following figures show the statistical position with regard to gradings and shipments of butter and cheese :—■
BUTTER. 1921 1922 1923 Gwts. Cwts. Cwts. Shipment from N.Z. Dec. 180,500 155,500 120,000 do. 5 months to Dec. 31 — . 352,500 526,000 446,500 ’Gradings Dec. — • 363,000 195,000 186,000 do. 5 months to Dec. 31 — 500,000 713,000 618,000 ©utter awaiting shipment Dec. 31. 89,000 119,000 94,000 CHEESE. Crates. Crates. Crates. Shipment from N.Z. Dec--131,000 109,000 149,000 do. 5 months to Dec: 31 — 260,000 219,000 326,000 .Cwts. Cwts. Cwts. Gradings Dec.— 200,000 212,000 232,000 do. 5 months to Dec. 31 — 515,000 448,000 670,000 Cheese awaiting shipment Dec. 31. 83,000 107,000 Wle.again lay stress on the vary heavy cheese production and shipments as compared with the two previous seasons. Allotments of cheese for January and early February sailings, amount to 230,000 crates and with these increased shipments, we think ,a fall in the market is inevitable.
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Shannon News, 15 January 1924, Page 3
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446FIRM BUTTER MARKET. Shannon News, 15 January 1924, Page 3
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