DAIRY PRODUCE

Wairarapa Times-Age, 4 July 1939, Page 3

DAIRY PRODUCE

LONDON QUOTATIONS FURTHER RISE IN BUTTER. CHEESE MARKET STEADY A further rise of Is a cwt last week brought the price of New Zealand choicest salted butter up to 119 s to 120 s the highest level reached since February, but still about 5s below the London equivalent of the guaranteed price The report supplied by the Primary Products Marketing Department to the Dairy Board, says that after a quiet opening, the demand improved at the end of the week. Friday’s closing quotations, with those of the previous week in parentheses, were as follows. New Zealand, salted, 119 s to 120 s (118 s to 119 s; a year ago, 1235); unsalted, 119 s, 120 s to 121 s (118 s to 120 s; a year ago, 124 s to 1255). Australian, salted, 113 to 114 s (113 s to 114 s); unsalted, 112 s, 113 s to 114 s. Danish, 104 s, f.0.b.; 124 s to 125 s spot (103 s 124 s to 1255). Dutch, unsalted, 109 s, ex 112 s (109 s to 110 s); salted, 109 s (109 s to 110 s). Irish, cream, salted, 118 s (117 s Lithuanian, unsalted, 109 s to 110 s (110 s to 112 s). Polish, salted and unsalted, 107 s to 108 s (105 s to 108 s). South Africa, 107 s to Ills (112 s Retail prices are unchanged, New Zealand at Is 2d, and Danish at Is 3d. The present price of 119 s 6d is equal to approximately 14.29 d per lb, f.0.b., New Zealand ports, compared with the guaranteed price of 14.89 d per lb. f.o.b. The London equivalent of the guaranteed price of cheese is about 7.49 d per lb., f.0.b., compared with the guaranteed price of 8.42 d. Deliveries of New Zealand butter from store last week were 1368 tons. The quantity in store, including 270 tons ex California Stat, 6299 tons, compared with 4974 tons a year ago. Deliveries of Australian butter were 1804 tons, the quantity in store being 4725 tons, as against 5259 tons a year ago. The cheese market was steady last week, Friday’s closing quotations, with those of the previous week in parentheses, being as follows: — New Zealand, white, 64s 6d to 65s (63s to 655; a year ago, 68s to 68s 6d); coloured, 67s (66s to 675; a year ago, 68s to 68s 6d).

Australian, white, 60s to 62s (59s to 61s); coloured, 62s to 64s (60s to 625). Canadian, white and coloured, 72s to 73s (71s to 725); c.i.f., 67s (68s to 70s). The retail price of New Zealand cheese was unchanged at 7d a lb. Deliveries of New Zealand cheese from store last week were 15,570 crates the quantity in store being 103,273 crates, as against 71,048 crates a year ago. Deliveries of Canadian cheese were 3971 boxes, the quantity in store being 76,758 boxes, as against 67,472 boxes a year ago. Cheese gradings in New Zealand for the week ended June 24, were 1476 crates of white, and 967 crates of coloured. a total of 2443 crates.