DAIRY PRODUCE

Wairarapa Times-Age, 23 May 1939, Page 3

DAIRY PRODUCE

LONDON QUOTATIONS FURTHER FALL IN PRICES. IMPROVED DEMAND AT LOWER level: A further fall of 3s a cwt last week, making a total decline of 9s during the fortnight, brought the price of New Zealand salted butter in London down to 105 s, the lowest level of the season. At this time lasjt year the price was 129 s to 130 s a cwt. The latest quotation is nearly 20s a cwt below the London equivalent of the guaranteed price. According to the cabled report supplied by the Primary Products Marketing Department to the Dairy. Board, there was an improved demand at the lower level. Friday’s closing quotations with those of the previous week in parentheses, were as follow: — New Zealand: Salted, 10.5 s (108 s a year ago, 129 s to 130 s); unsalted, 108 s to 109 s (Ills to 112 s; a year ago, 131 s to 1325).

Australia!}: Salted: 103 s to 104 s (106 s to 107 s); unsalted. 106 s to 107 s (109 s to 110 s). Danish: 102 s f.0.b.; 123 s to 124 s spot (105 s 126 s to 1275).. Market quiet. Dutch: Unsalted, 98s to 100 s, ex 101 s (9,8 s to 100 s),.. Lithuanian: Unsalted, 102 s, ex 10$s (102 s to 108 s). Polish: Salted, 98s to 10,1 s (101 s to 104 s); unsaltea, 98s to 101 s (101 s to 103 s). South Africa: 95s to 99s (97s to 101 s). The. retail price of New Zealand butter in London has been reduced to Is Id a lb. Danish is unchanged at Is 3d a lb. The present price of 105 s is equal to approximately 12.45 d a lb., f.0.b., New Zealand ports, compared with the guaranteed price of 14.89 d a 1b,.,'"f.0.b. The'London'equivalent'pf the guaranteed price is 124 s 3d a cwt. The equivalent price of cheese is about 5.4 d a lb, Ldib.,' compared with the guaranteed price of 8.42 d. Deliveries of New Zealand butter from store; last week totalled 1637 tons. The quantity in store was 6335, • tons, compared with 5426 tons a year ago. Deliveries of Australian butter were 1243 tons, the' quantity in store being only 1424 tons, compared with 5182 tons a year ago. A further decline of from 4s to 5s a cwt last week brought the price of New Zealand cheese down to 49s to 50s, which represents a fall of from 10s to Ils in a fortnight. The latest quotation is from 21s 6d to 22s below the price ruling a year ago. The market was slow last week, but there was more doing at the lower price at the close. Friday’s closing quotations, with those of the previous week in parentheses, were as follow: — New Zealand: White and coloured, 49s to 50s (545; a year ago, 71s to 71s fid).

Australian: White and coloured, 46s to 48s, up to 49s (50s to 525). Canadian: White, 70s to 72s (71s to 745); coloured, 70s to 735; old season’s coloured, 82s (82s). English: Finest farmers, 90s to 100 s (90s to 100 s). South African: White and coloured, 46s to 47s (48s to 525). The retail price of New Zealand cheeseyin London was down to 6d a lb. Deliveries of New Zealand cheese from store last week were 1471 crates. The quantity in store, including 15,250 crates ex Port Denison and Doric Star was 110,404 crates, as against 71,355 crates a year ago. Deliveries of Canadian cheese were 2626 boxes, the quantity remaining in Store being 75,137 boxes, as against 71,163 boxes a year ago. Gradings of cheese in New Zealand for the week ended May 13 were 8015 crates of white and 4183 crates of coloured, a total of 12,198 crates.