MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  March 16, 2017 (REPORT 11)                         

OCEANIA                                                          
INFORMATION GATHERED  03/06/2017 - 03/17/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  

Cheddar prices in Oceania weakened. Some customers have been 
increasingly feeling that prices have run up a bit too quickly 
and are comfortable with a price correction.

Australian exports of cheddar from July 2016-January 2017 
increased 2.6% from the same period one year earlier, according 
to Dairy Australia. However, the value of cheddar exports 
compared with one year earlier declined 3.2%.

Australian exports of other cheese from July 2016-January 2017 
declined 5.5% from the same period one year earlier, according 
to Dairy Australia. The value of other cheese exports compared 
with one year earlier declined 8.0%.

The Dairy Market News February 2017 Oceania Cheddar cheese 
monthly average price per metric ton was $3,847, compared with 
$2,887 one year earlier.

At GDT Event 183 on March 7, the cheddar all contracts price 
decreased 4.2% and the April contract price decreased 9.1%. 
                                                                                                               
39% MAXIMUM MOISTURE:                    3,500 - 3,725           


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