MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  October 13, 2016 (REPORT 41)                       

OCEANIA                                                          
INFORMATION GATHERED  10/03/2016 - 10/14/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:    

Cheddar cheese prices in Oceania are unchanged. The market is in 
a good position in terms of stocks and current demand. GDT event 
173 on October 4 yielded cheddar prices for the November 2016 
contract up 3.5% and for all contracts down 2.3%. The Dairy 
Market News September 2016 monthly average for Oceania cheddar, 
$3,560/metric ton, is 17.3% above September 2015. Australian 
cheddar exports July-August 2016 decreased 19.5% in volume from 
the same period of 2015. The value of those exports this year 
are 23.7% below last year, according to Dairy Australia. Exports 
of other cheese July-August 2016 decreased 6.7% in volume from 
the same period of 2015. The value of those exports this year 
are 9.7% below last year. New Zealand cheese exports January-
August this year are up 10.0% over the same period last year. 
Primary destinations and percent of total cheese exports are: 
Japan, 18.0%; Australia, 17.4%; and China, 13.1%, according to 
Eucolait.

                                                                 
39% MAXIMUM MOISTURE:                    3,500 - 3,800   

0930c Eric.Graf@ams.usda.gov 
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