BUTTER AND CHEESE
LONDON MARKET QUOTATIONS
The London butter market was slow and declining throughout last week, according to a cabled report received by the Primary Products Marketing Department. Friday’s closing prices, with those of the previous week in parentheses, were as follows: — New Zealand: Salted, 129 s to 130 s
(133 s to 1345; a year ago, 108 s to 109 s); unsalted, 131 s to 132 s (134 s to 1355; a year ago, 109 s to 110 s). Australian: Salted, 126 s to 127 s (131 s unsalted, 128 s (1325). Danish, 108 s, f.0.b.; 130 s spot (Ills; 1325). Dutch, unsalted, 1235, ex 127 s (126 s to 1275).
Retail prices were unchanged, New Zealand and Danish both at Is 4d a lb. The basic rates fixed under the New Zealand guaranteed price scheme, subject to quality differentials, are 123 s 8d for butter, and 70s 4jd for cheese per cwt., f.0.b., New Zealand currency. The equivalent landed price for butter in London is 112 s and for cheese 675. The guaranteed price for butter is equal to 13.25 d per lb, f.0.b., and the current London quotation is equal to 15.45 d, New Zealand ports. The equivalent price for cheese is around 8.09 d per lb., f.0.b., compared with the guaranteed price of 7.54 d. The quantity of New Zealand butter in store in London, including 118. tons ex Rangit'ata, was 5426 tons, compared with 6392 tons a year ago. The cheese market was quiet. Friday’s closing quotations, with those of the previous week in parentheses, were as follows: —
New Zealand: White, 71s to 71s 6d (70s; a year ago, 73s 6d); coloured, 71s to 71s 6d (70s to 70s 6d; a year ago, 72s 6d to 73s 6d). Australian: White, 67s 6d to 70s (66s to 68s 6d); coloured, 67s to 69s 6d (67s 6d to 68s 6d). Canadian: White, 77s to 78s (77s to. 78s); coloured, 77s to 79s (77s to 795). English factory cheese, 68s to 70s.
The quantity of New Zealand cheese in store was 71,355 crates, as against 103,706 crates a year ago. Canadian cheese in store was 71,163 boxes, as compared with 58,280 boxes a year ago.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19380524.2.14.2
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 24 May 1938, Page 3
Word count
Tapeke kupu
368BUTTER AND CHEESE Wairarapa Times-Age, 24 May 1938, Page 3
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in