MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  May 25, 2017 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/15/2017 - 05/26/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:                                                  
                                                                 
      Oceania cheddar prices continue to show firmness, with a 
gush at the top of the range. Production is mostly steady. As 
fat interest shows no sign of slowing down, with strong consumer 
cheese demand, prices are encouraged.
      
     Australia exports of cheese year to date January-March 2017 
increased 9.1% from the same period one year earlier, according 
to Eucolait. Export volumes and primary destinations are shown 
in the following table:
 
 			 Australia Cheese Exports
			  Main Three Destinations 
        		    January-March 2017 
 
Destination  	Quantity(MT)   % of Total  
Japan		22,258  		49.0% 
China 		 7,056  		15.5% 
South Korea	 2,685  		 5.9%
 

      At GDT Event 188 on May 16, the cheddar all contracts price 
increased 0.6% and the June contract price increased 2.2%. 

    
39% MAXIMUM MOISTURE:                    3,575 - 3,700                  


0930c daniel.johnson@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