BUTTER AND CHEESE.

Taranaki Daily News, 18 July 1921, Page 5

BUTTER AND CHEESE.

BETTER PRICE FOR CHEESE. . BUTTER ALSO ADVANCING. By Telegraph.—Press Association. Wellington, July 16. The National Dairy Association has been advised, under date of July 12, that the cheese market in England has a strong tone and prices are advancing. The movement is due to the drought in England and Canada. White cheese is quoted at 118 s to 1245, and colored wit 116 s toi 120 s. Canadian cheese is about the same prices; Canadian c.i.f. cheese was offered at 130 s, a rise of 20s per cwt. on last week. Butter is also advancing Danish is quoted at 224 s a cwt. Government cheese (New Zealand make) is quoted at 2205. THE ADVANCE IN BUTTER. NEW ZEALAND AT 2575. By Telegraph.—Prexs Assn—Copyright. Received July 17, 5.5 p.m. London, July 15. An advance in the controlled price of butter was expected, but the amount thereof surprised the trade and checked the buying activity. New Zealand is quoted at 257 s and Australian at 2405, seconds 225 s and thirds 215s.—Aus.N.Z. Cable Assn. PROSPECTS FOR CHEESE. “A MORE BUOYANT MARKET.” Palmerston N., July 15. Some weeks ago cheese slumped from 160 s to 90s, owing to the arrival of early Canadian cheese on the English market, which choked the trade. Today came a counter-blast which has put joy into the hearts of many dairy farmers in this and the Pahiatua district who were becoming anxious about their bank balances; many had resorted to firewood-selling as a means of giving some relief. London, the Mecca of the world for our foodstuffs, announced a few days ago a more buoyant market, and a private cable received in Dannevirke on Thursday night reflected a recovery to 140 s per cwt. With the improved outlook there is every reason to expect a satisfactory margin for distribution when the annual report accounts are made up. The secretary of a cheese factory stated to-day that 140 s per cwt. for cheese in London represented Is per pound f.o.'b. locally, and this should mean a return of 2s 3d per pound for butter-fat, winch might go higher still. It was difficult t& say what the prospects were for next year, hut he had it on good authority that buying agents had good oilers up their sleeves for next season, though naturally they were not saying anything at present.

CLEARING COCL STORES. FIRST TIME FOR FOUR YEARS. The council of the Wellington Chamber of Commerce in its annual report to the chamber discusses the shipment of New Zealand dairy produce. It states:— “For export, butter was given prior claim on all refrigerated shipping space, owing to the fact that it belonged to the Imperial Government, and has been shipped almost ns quickly as produced. Against this there have been great delays in shipping cheese, and instead of New Zealand cheese landing in England during the winter months, the bulk of It has arrived during the English summer, entailing a very heavy loss to cheese producers. “The-shipping position has now considerably improved, and the stores will be cleared of all dairy produce by July 31. It is the first time for four yefirs that cool stores have been empty, and the probability is that next season produce will obtain prompt shipment, as in pre war times. “The prices for dairy produce will’undoubtedly be lower for next season, but it h not expected that they will suffer to the same extent as the other primary products. The next English win-, ter will find the market bare of cheese, and, unless the Imperial Government decides to hold over some of its stocks of butter, there should also be a reasonably good demand for the New Zealand article. There is every indication that there will be a considerable in-

crease in production for thei coming season, which will to some extent compensate for lower values.”