Cheddar Cheese - Oceania
MD_DA128

     Cheese - Oceania

     Report 37 - Released on September 12, 2019

     Cheddar prices in Oceania are mixed, stronger at the low end of the price range, but lower
     at the top. This reflects inconsistent pricing in Australia and New Zealand, as well as
     between some cheese manufacturers.

     Overall, there is enough cheese being produced which is not currently needed to fill
     contracts, leading to upper range prices moving slightly lower. Some other manufacturers are
     a bit tight on available spot market cheese. This has led to some sales at slightly higher
     prices.

     Most observers in the region were mostly nonchalant about the current price movement. So
     early in the milk season, not much price movement is expected until the seasonal production
     projections can process more data.
     Prices for: Oceania Cheese, Cheddar, 39% Maximum Moisture, Free on Board - Port,
     Price Range - $/MT:                                    3,850 - 3,950


     Information for the period September 2 - 13, 2019, issued biweekly

     Secondary Sourced Information:

     Cheese exports from Australia January - July 2019, 92,000 MT, were down 6.7 percent from
     January - July 2018, according to CLAL.

     The table below shows the top export destinations and country percent change comparing
     January - July 2019 with January - July 2018.

     AUSTRALIA CHEESE EXPORTS
            JANUARY - JULY 2019

                           % CHANGE
     DESTINATION           2019/2018    MT

     Japan                 -9           45,832
     China                 -8           10,205
     South Korea           -7            5,122

     At GDT event 243 on September 3, the cheddar all contracts price, $3,827, decreased 0.8
     percent. The September contract, $3,885, increased 1.7 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov