MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  June 22, 2017 (REPORT 25)                          

OCEANIA                                                          
INFORMATION GATHERED  06/12/2017 - 06/23/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE: 

       Cheddar cheese prices in Australia are slightly lower. Awareness 
of high cheese stocks in the U.S. and an increasing focus on cheese 
production in Europe have resonated in Oceania. There are also 
expectations that a major coop manufacturer of cheese will offer 
higher volumes on the GDT in the coming year. With the preceding 
factors, in addition to prices in Oceania remaining near record 
levels for 2016-2017, a slight price dip this period is not of great 
concern.
       This year, January-April, Australia cheese exports show an 8.3 
percent increase 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-April 2017 
 
Destination  	Quantity(MT)   % of Total  
Japan			28,106  	 	47.1% 
China			 9,149 	 	15.3% 
South Korea	 3,561  	 	6.0%

       At GDT Event 190 on June 20, the cheddar all contracts price 
decreased 3.8%.

39% MAXIMUM MOISTURE:                    3,600 - 4,100           



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