DAIRY PRODUCE

Wanganui Chronicle, Volume 83, Issue 38, 15 February 1939, Page 11

DAIRY PRODUCE

NEW ZEALAND STEADY AT 1225. CHEESE MARKET QUIET. A decline of Is a cwt. last week brought the price of New Zealand salted butter in London down to 112 s. This, however, is well above the price of Ills to 112 s a cwt. ruling a year ago. The present price is 2s 3d 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, Friday's closing quotations, with those of the previous week in parentheses, were as follows: New Zealand, salted, 122 s (122 s to 1235; a year ago, Ils to 112 s); unsalted, 124 s to 125 s (125 s to 1265; a year ago, 114 s). Australian, salted, 119 s (119 s tc 120 s); unsalted, 120 s, ex. 121 s (121 s Argentine, unsalted, 112 s to 116« (112 s to 116 s). Danish, 130 s f.0.b.; 151 s to 1525, spot (1235; 114 s to 1455). Dutch, unsalted, 127 s (1235). Lithuanian, unsalted, 1255, firm (1255). South Africa, 116 s to 117 s. Deliveries of New Zealand butter from store last week were 1579 tons. The quantity in store on Friday, including 100 tons ex Waimarama, was 3587 tons, as against 3116 tons a year ago. Deliveries of Australian butter, last week were 3295 tons, the quantity remaining in store being 6379 tons, as against 100 tons a year ago. The present price of 122 s a cwt. for butter is equal to approximately 14.61 d. a lb., f.0.b., New Zealand ports, compared with the guaranteed price of 14.89 d. a lb., f.o.b. The London equivalent of the guaranteed price is 124 s 3d a cwt. The equivalent price of cheese is about 7.51 d a lb., f.o.b. compared with the guaranteed price of 8.42 d. Cheese eased slightly last week, but was steadier at the close. Friday’s closing quotations, with those of the previous week in parentheses, were as follows: New Zealand: Whi’e and coloured 66s to 6A 6a, ex. 67s (675; a year ago white 68s, coloured 68s 6d). Markei steadier. New Zealand retail price unchanged, 9d. Australian: White, 60s to 62s (61: to 635); coloured, 63s to 65s (62s tc 655). Market quiet. Canadian; White and coloured, 72s to 74s (72s to 745); old season's white 80s; old season's coloured, 80s to 82s Market steadier. English: Finest farmers, 86s to 96: (86s to 965). Market steadier. Deliveries of New Zealand cheese from store last week totalled 12,821 crates. The quantity in store on Frl day, including 1435 crates ex the Tekoa, was 35,775 crates, comparec with 46,669 crates a year ago. Deliveries of Canadian cheese las: week were 4184 boxes, the quantity ir store being 120,354 boxes, as agains' 102,232 boxes a year ago. Cheese gradings in New Zealand fo: the week ended February 4 were 24,370 crates of white and 12,47! crates of coloured, a total of 37,11! crates.