DAIRY PRODUCE MARKET.

Shannon News, 18 October 1927, Page 3

DAIRY PRODUCE MARKET.

LATEST LONDON REPORTS. Messrs Tumbull and Co., agents for Weddell's, forward the following report: — The following are the top London quotations for the past four weeks:— September. Oct.

Butter.—Up to the 24th of September, the market continued to rise and there was a general feeling in the trade that prices would go higher still,, pending the arrival of new season's butter from the Southern Hemisphere. The news of good rains in Australia, together with advice from New Zealand of the sailing of the Westmoreland and the Port Caroline, carrying the first heavy cargoes of New Zealand butter, caused buyers to become somewhat cautious. The market has become quieter and although top quotation for finest, is still 182 s, it is difficult to make sales at this price. There are plenty of sellers of stored finest at from 179 s to 180 s, whilst first grade, can be bought at 178 s.

Cabling on the 7th instant, Messrs W. Weddel and Company, Ltd., advise that the market is extremely quiet, as apparently the larger buyers have filled their immediate requirements, and have withdrawn from the market. Present stocks in cold store equal approximately 590,000 boxes of butter. In view of this and the increased production in New Zealand during September and October, we do not anticipate any great improvement in the market meantime. Canada. —Buyers in Canada refused to follow the upward trend of values as indicated by offers from New Zealand and it has been difficult to induce them to repeat business even at former rates. There are indications, however, that further sales may soon be possible, provided sellers are available at about Is old, November-Decem-ber shipment.

Cheese. —The market has continued to steadily improve and has now reached the high level of 106 s. It will be very interesting to see what quantity of new season'3 make the market will be able to absorb at this price. Forward buyers are by no means as active as they were a few weeks ago, although a few sales have recently been made at 9d f.o.b. to the end of December make.

17th. 24th. 30th. 7th. Danish Butter — 196/N:Z. Unsalted— 190/N.Z. Salted— 182/Choeso, white — 106/Checse, coloured- — 106/106/-