BUTTER AND CHEESE.

Shannon News, 7 June 1927, Page 2

BUTTER AND CHEESE.

LATEST ADVICE AS TO VALUE. DAIRY PRODUCE BOARD'S STATE--MENT. Under date May 30, the Dairy Pro duce Board advises as folloAVs:; —' The Board understands that factor's generally are anxious to have soim 1 indication of values of butter and cheese for balance sheet purposes. The folloAvmg may be taken as the position,; Creamery Butter. For gradings to 31st October/ 1926, frial navments have noAV been made. price-.* realised being as per our circular Nv. 100.

Grading from Ist November, 1926, to iiOth Amii, 1927, can be taken at u :;j icr lb f.o.b. With to gradings from Ist May to "31st October, 1927, it is difficult to give cm estimate for this period, but we consider it safe to take the balance of this season's gradings. (i.e. after April 30th) in at Is 4d per lb. f.o.b. Cheese. Gradings for the season can be .valued at approximately per lb. f.o.b. on ordinary trade terms, less the usual shrinkage. Whey Butter. The value of Ist grade Is 2d per lb. f.0.b., with second grade Id per lb lower. It will be realised that the above are estimated values but we consider they are fairly conservative. LATEST MARKET" NEWS.

SIBERIAN AFFECTED BY SOVIET RUPTURE. The Dairy Control Board has received advice that the market for New Zealand butter firmed towards the end of last week. The market is being affected by the position of imports of Siberian beiug doubtful owing to the action of the British Government. The Argentine tail-end season is reduced by weather conditions,'Canada has reduced production, and Northern Hemisphere butters are not showing the increases anticipated. Germany is not competing with England in the meantime for Baltic States butters owing to increased prices offered here. English production is 'increasing and will probably reach its maximum in the next fortnight. In Fr.ince, the market is firm, and there are no imports from France in the meantime. . New Zsaland is quoted: Salted, 16Ss to 3 70s, unsalted 174 s to 180 s, representing an advance of 6s for the week. Ne»v Zealand and Danish is retailing at Is 8d per lb. Other quotations, are as follows: Australian: Finest salted, 162 s to 1665; unsalted, 166 s to 1725. Argentine: Finest 162 s to 1665. Irish: Creamery, 166 s to 168 s; unsalted, 1745. Dutch: 162 s to 1645. Siberian: 160 s. Danish: 166 s to 168 s. New Zealand cheele is quoted: White S7s to 925, coloured 88s to 945. No new season's Canadian has yet arrived.