BUTTER AND CHEESE

Sun (Auckland), Volume I, Issue 254, 17 January 1928, Page 12

BUTTER AND CHEESE

OVERSEAS MARKETS AMERICA’S BIG SURPLUS (Special to THE SUN.) WELLINGTON, Monday. The Dairy Produce Board has received the following market report from its London office dated Friday, January 13: — Butter New Zealand, salted, 154 s to 158 s; unsalted, 158 sto 1645: market steady. Deliveries of New Zealand butter last week amounted to 1,470 tons, bringing the quantity in store up to 2,850 tons. Australian, finest salted, 152 s to 1545; unsalted, 154 s to 158 s. Argentine, finest unsalted, 148 s to 2545. Danish, 174 s to 176 s on the spot; 168 s f.o.b. Dutch, creamery unsalted, 186 s to 188 s. Siberian, salted, 150 s. Retail prices are unchanged. Cheese New Zealand, white and coloured, 90s to 91s. Canadian, finest white, 100 s to 104 s; coloured, 100 s to 102 s. Australian, finest white, 88s. The market is steady. English finest farmers' makes 126 sto 130 s. Retail prices are unchanged. North American Position The board has also received the following advice from its agents in Canada. Butter. —New York, 48 cents (2s); market declining. Montreal, 35i cents (Is s|d); market weak. San Francisco, 46 cents (Is lid). Vancouver advises that New Zealand is supplying the market with finest grade at 375 cents (Is 6|d). The Canadian supply is nil. Stocks of butter In the United States are 11,000,000 pounds over last year’s stocks.