BUTTER AND CHEESE.

Taranaki Daily News, 29 May 1922, Page 2

BUTTER AND CHEESE.

A STEADY MARKET, Latest cable advSces indioate that the market for butter is steady, but slow, and that consumption, is keeping up with supplies. There is, of course, a contraction in the quantity of frozen butter offering, because shipments from Australia and New Zealand are shrinking. Canada is sending very little, and this has been commented upon in the commercial letter of the Canadian Chamber of Commerce. Adverse tariffs against Canadian exports do not explain the decrease in exports from 13,004,075 Tb. to 8,375,422 lb., while the imports oi autter fast year and since into Canada had increased. For the twelve months ended January, 1921, the imports of butter totalled 790,104 dollars, and to January 31, 1922, to 1,932,968 dollars. It is stated that New Zealand butter has now for some months been quoted regularly in Canada alongside the domestic product, and the dairymen complained that the low prices were due to New Zealand competition. The British market is just now being supplied mainly from Denmark. The cheese market is steady for white, but colored is dropping in value. For some time past there has been a difference of about 10s between colored and white in favor of the former, and British and Canadian makers are naturally producing colored owing to the Aigner price. Stocks of colored are thus increasing, and the' price is expected to come back to th? level of white. There are no inquiries for butter from Australia, although prices in both Melbourne and Sydney are comparatively high. Rain has fallen in the dairying districts, and Australia will begin its spring make of butter next month.