NEW ZEALAND BUTTER
THE LONDON MARKET FIRM THE LATEST QUOTATIONS (United Press Assn. —Elec. Tel. Copyrlsht) LONDON, May 10 The butter market is firm. Choicest salted, New Zealand 130 s, Australian 128 s; unsalted, Is premium. HIGHEST FOR MONTHS ABOVE GUARANTEED PRICE New Zealand butter is at its highest level since November. 1037. Current rates represent a rise of Is per cwt since the close Of last week, and the price of New Zealand salted is approximately 18s above the London landed equivalent of the price, which is around 11*2s per cwt. The London quotation is equal to 15.58 d per lb f.o.b. New Zealand ports, against the guaranted basic price of 13.2nd per lb f.o.b. irtore stocks of New Zealand butter showed a reduction of 614 tons last week, when the quantity held amounted to 0000 tons, compared with 0031 tons a year ago.
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Waikato Times, Volume 122, Issue 20496, 12 May 1938, Page 9
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145NEW ZEALAND BUTTER Waikato Times, Volume 122, Issue 20496, 12 May 1938, Page 9
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