MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  July 09, 2015 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/29/2015 - 07/10/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:                                                  
                                                                 
Cheese prices moved lower this reporting period. The decline on the low 
end of the range reflected discounts on spot sales as some manufacturers 
attempted to lower inventory levels prior to the end of their fiscal 
year. Recent large volume sales to Japan had a somewhat stabilizing 
effect on the market as prices did not decline as sharply as some 
analysts anticipated. The return on cheese is significantly above the 
return for milk powders and thus increased milk flows to cheese vats are 
expected in the coming season. Marketing efforts are focused on filling 
Q4 needs with increased competition coming from European suppliers. 
Demand is fairly steady with good interest coming from Asia.  

According to GTIS, January-May cheese imports into China were 0.3% lower, 
compared to last year. May cheese imports into China totaled 6,300 MT 
with New Zealand covering half of the volume. Australia and the US 
accounted for most of the remaining half.   

39% MAXIMUM MOISTURE:                    3,000 - 3,450           

0930C rick.whipp@ams.usda.gov 608.557.7004
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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