MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  July 21, 2016 (REPORT 29)                          

OCEANIA                                                          
INFORMATION GATHERED  07/11/2016 - 07/22/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  

Cheddar pricing decreased slightly at the top of the 
range but remained unchanged at the bottom. Current 
buying interest was slow. At GDT Event 168 on July 19, 
cheddar prices registered no activity for the August 
contract and the all contract price declined 1.1%. The 
volume of Australian cheddar exports July 2015-May 
2016 increased 12.0% compared with one year earlier, 
according to Dairy Australia. The value increased 
4.9%. Australian cheese production year to date 
through April increased 0.4% from the prior year. New 
Zealand cheese exports January-May 2016 increased 5.7% 
from the same period of 2015 according to Eucolait. 
The top three export destinations and percentage of 
total exports are: Japan, 19.1%; Australia, 16.9%; and 
China, 11.8%.
                                              
                                                                 
39% MAXIMUM MOISTURE:                    2,800 - 2,875 

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