NEW ZEALAND BUTTER

Waikato Times, Volume 119, Issue 19886, 15 May 1936, Page 8

NEW ZEALAND BUTTER

‘ A SHARP ADVANCE. ‘ LONDON MARKET IMPROVING. I CHEESE REPORTED STRONGER. ' (Received May 15, 1 p.m.) ‘ LONDON. May H. ‘ Butter is improving. Danish, 1005 to 1015; choicest salted, Australian ‘snd New Zealand. 925; unsalted, 9'15 ‘ to 935. ‘ Cheese is stronger. New Zealaml, ‘wiiite, 57s Gd. coloured, 555 Gd. No Australian offering. ‘ AUCKLAND Rriday. i Advices from London state that the Imarket for butter shows a sharp ad« ‘vance and New Zeaiand is quoted is to 25 higher at 925 per cwt. There ‘is a firm demand. A firm and steady market for butter is anticipated by \V. Weddel and Company, Limited, London, which bases its View on the strong spot position. Arrivals or New Zealand butter during May, June and July will be some 4000 tons above last season. and arrivals during August and September will, no doubt, also be heavier than last year.

The company states that the cheese market is still very strong and the statistical position is firmer than it hag been for many years.

I Referring to forward business. the report states that, buyers have been Impending fairly steadily. The demand ‘has been more for June-July shipment Ithan for April—May. and prices as high ‘at iiici 120.1). ieqnnl to 985 6d per jcwt, London) have been paid for July shipment and 118 d for June. For}wai‘d buyers of cheese continue their ‘aciivity and as high as 63d per ih f.o.iu. [Equal to 375 per cwt, London)- has been paid.