MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  April 13, 2017 (REPORT 15)                         

OCEANIA                                                          
INFORMATION GATHERED  04/03/2017 - 04/14/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:    

       Cheddar prices declined slightly. Somewhat lower buying interest 
was noted. Competition from U.S. and European cheese exports is 
increasingly mentioned as a factor. However, other sources also 
ascribe current pricing more to movement within a range than a new 
trend. 
       Australian cheese exports for the season through February, both 
cheddar and other cheese, show lower sales revenue but mixed results 
for volumes. Dairy Australia reports the data as follows:

Australia Cheddar Exports
Cheddar: July 2016-Feb. 2017
Quantity MT	% Change
35,117			+1.5%		
1,000 AUD		% Change
176,672		-3.0%
Australia Other Cheese Exports
Other Cheese: July 2016-Feb. 2017
Quantity MT	% Change
73,063			-4.9%		
1,000 AUD		% Change
354,468		-7.1%
      The latest GDT delivered a weaker result for cheese than 
had been expected. At GDT Event 185 on April 4, the cheddar all 
contracts price decreased 4.4% and the May contract price 
decreased 6.4%.
      The March 2017 Dairy Market News international monthly 
average for Oceania cheddar is $3,642, compared with $2,585 for 
March 2016.

39% MAXIMUM MOISTURE:                    3,300 - 3,500        


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