RISE IN PRICE
NEW ZEALAND BUTTER. QUOTATIONS FROM LONDON. CHEESE VALUES RECOVER AUCKLAND, Saturday Advices from London show that there has been a rise in the price of New Zealand butter. Choicest salted is quoted at 116 s per cwt., an increase of 6d on the mid-week value and Is fid higher than at Qie end of last week. Danish has advanced even further and the premium over New Zealand now stands at 14s per cwt. Cheese values also have recovered on a (firm market. White Is selling Is higher at 68s 6d per cwt., while coloured at about 68s shows a full gain of 2s 3d. The past year’s guaranteed prices, subject to qualify differentials, were 117 s 3d for butter and 63s 7d for oheese per cwt. f.0.b.. New Zealand currency. The equivalent landed prices in London were approximately 105 s to 106 s for butter and 60s Gd for cheeso. The guaranteed price for butter was equal to 12.565 d per lb. f.0.b., and the ourrent London quotation is equivalent to approximately 13.79 d per lb. f.0.b.,; New Zealand ports. The equivalent price for white cheese is 7.75 d per lb. f.o.b. and coloured 7.68 d per lb. f.0.b., compared with the guaranteed price of 6.8 Id. A Comparison The following table compares the mean closing prices on the London market for the past two weeks, and a year ago Aug. 27 Aug. 20 Aug. 28 1937 1937 1936 New Zealand 116/- 114/6 118/6i Australian .. 116/- 113/6 118/6! Danish 130/- 125/- 126/6; Cheese—N.Z.: White fiS/G 67/6 72/-J Coloured .... GB/- 6‘5/9 67/- 1 Canadian : White 69/6 68/- 69/31 Coloured ... 69/6 68/- 69/3.
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Waikato Times, Volume 121, Issue 20284, 28 August 1937, Page 11
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274RISE IN PRICE Waikato Times, Volume 121, Issue 20284, 28 August 1937, Page 11
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