MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  March 30, 2017 (REPORT 13)                         

OCEANIA                                                          
INFORMATION GATHERED  03/20/2017 - 03/31/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:                                                  
 
	Cheddar cheese prices in Oceania are steady. Many buyers 
and sellers believe the market is in a good equilibrium. Stocks 
are ample to meet orders. Buyers are able to take contracted 
deliveries on schedule, and are generally doing so.                                                                

      New Zealand exports of cheese year to date January-February 
2017 declined 15.8% from the same period one year earlier, 
according to Eucolait. Export volumes and primary destinations 
are shown in the following table:

Main Three Destinations 
Jan-Feb 2017 

Destination 	Quantity (MT)  % of Total  
Australia 	12,183  		20.5% 
Japan 		 9,509  		16.0% 
China 		 7,624  		12.8%

      At GDT Event 184 on March 21, the cheddar all contracts 
price decreased 1.0% and the April contract price decreased 
0.4%. 
                                                                                                               
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