NEW ZEALAND BUTTER

Waikato Times, Volume 121, Issue 20278, 21 August 1937, Page 3

NEW ZEALAND BUTTER

LONDON QUOTATIONS. PRICES CONTINUE TO DECLINE. AUCKLAND, Saturday. Advices from London state that I prices for New Zealand butter con- [ tinue to decline. The latest quotation I of 114 s to 115 s per cwt. shows a fall of about Is Gd per cwt. on the past j week, and is now well below the high figure at Die same time last year. | Australian shows a similar movement, | but Danish is a shade higher. i Cheese values again declined in sympathy. White is selling about 2s I9d per cwt. cheaper at 67s 6d per cwt., while coloured at 65s Gd to 66s Gd per cwt. shows a fall of 2s 6d on tlie week. The guaranteed price for the new I season's produce has not yet been anj nonneed. -The past year's rates, subject to quality differentials, were. 117 s 3d for butter and 33s 7d for cheese per cwt. t'.o.b., New Zealand currency. The equivalent landed prices in London were approximately 105 s to 106 s for butler and 60s Gd for cheese. The guaranteed price for butter was equal to 12.5G5J per ib. f.0.b., «nd the current London quotation is equivalent to approximately 13.6 id per lb. f.o-b. New Zealand ports. A Comparison. The following table compares thfc mean closing prices on the London market lor the <past two weeks, and a

year ago:— Rutter— A /&/ 0 r.17 1 ' .■New Zealand Australian Danish . 125/- 124/- 12?/While Coloured Canadian: 65/9 6S/3 68/White Coloured — 72/- 67/-