MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  March 17, 2016 (REPORT 11)                         

OCEANIA                                                          
INFORMATION GATHERED  03/07/2016 - 03/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  

Cheddar pricing weakened at both ends of the price range. The increasing 
volumes of cheese awaiting sale are hanging over markets. At the March 15 
GDT event 160, NZ cheddar for all regions and contracting periods 
averaged $2,441 per MT, -5.6%. No transactions were completed for 
contract periods 1-3, reflecting low buyer motivation to add to stocks in 
the near term. Dairy Australia reports that January 2016 Cheddar exports 
were 8.8% above the volume of exports during January 2015 and other 
cheese exports were 18.4% above year earlier. Also, the January 2016 
value of Cheddar exports was 1.6% above 2015 and the value of other 
cheese exports was 16.2% above year earlier. Cheese stocks in the region 
are considered heavy.

                                                                                                               
39% MAXIMUM MOISTURE:                    2,400 - 2,700           

0930c Eric.Graf@ams.usda.gov 608.557.7005
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home