BUTTER AND CHEESE.

Taranaki Daily News, 14 July 1922, Page 8

BUTTER AND CHEESE.

' A PECULIAR POSITION. According to cable messages received by Messrs Dalgety and Co., Ltd.. New Zealand butter was selling 2s higher than Danish, and Queensland was selling on a par with Danish, the latter being quoted at 2245. This position is quite an usual one and is not likely to be maintained. A Press Association message states that the market is quiet owing to large supplies and recent heavy buying. Those who bought when there was an appearance of scarcity have all the supplies they require for the present, consequently business is quiet, and suplies are accumulating. The cheese market has fallen considerably, and the latest quotations arc: White 965, colored 945. Tn the earlier part of the season colored cheese was selling at higher prices than white, and this superiority was maintained until about five or six weeks ago, when colored fell away, and this was brought about through cheese manufacturers concentrating on the manufacturer of colored cheese because of the higher price, with the result that the supply of colored cheese is in excess of the demand. What is needed in New Zealand is that some organisation—the National Dairy Association for instance—should keep a weekly or monthly tally of the quantities of white and colored cheese sent in for export, and when one or the other shows a tendency to become excessive to warn the factories of the position. The requirements for the London market arc two-thirds white and one-third colored. —Dominion.