MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  August 18, 2016 (REPORT 33)                        

OCEANIA                                                          
INFORMATION GATHERED  08/08/2016 - 08/19/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  

Cheddar prices in Oceania strengthened at each end of the price 
range. Customers for cheese from the region tend to have 
established relationships with certain producers and preferences 
for sources. The strengthening of prices reflects decisions by 
regular customers to add to stocks of cheese for later year 
consumption, a typical pattern. At GDT Event 170 on August 16, 
cheddar prices for the September contract increased 14.4%, and 
the all contract cheddar price increased 8.9%. Australia cheese 
production during June was up 1.8% from June 2015 and up 0.2% 
July 2015-June 2016 compared with the same period one year 
earlier according to Dairy Australia. Australian cheese exports 
January-June 2016 increased 1.6% from the same period of 2015 
according to Eucolait. The top three export destinations and 
percentage of total exports are: Japan, 50.4%; China, 11.9%; and 
Malaysia, 4.6%.
                                                                 
39% MAXIMUM MOISTURE:                    3,200 - 3,400  

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