MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  July 06, 2017 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/26/2017 - 07/07/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:      

	Cheddar cheese prices in Oceania narrowed the price range, 
increasing at the bottom while declining at the top. High end 
prices weakened as fewer buyers felt pressured to conclude 
transactions quickly as was the case in recent periods. However, 
steady buyer interest in securing supplies tightened lower range 
pricing.
       This year, January-May, New Zealand cheese exports show a 2.5 
percent decrease from the same period one year earlier, according to 
Eucolait. Export volumes and primary destinations are shown in the 
following table:
       
  		 New Zealand Cheese Exports
		 Main Three Destinations 
		 January-May 2017 
 
Destination     Quantity(MT)   Percent of Total  
Japan           27,493         18.5 
Australia       27,116         18.3 
China           24,341         16.4

      At GDT Event 191 on July 4, the cheddar all contracts price 
decreased 3.2 percent.
      The Dairy Market News international monthly average price 
in dollars/metric ton for Oceania cheddar prices in June, 2017, 
$3,919, compares with $2,832 one year earlier. 
                                                                                                             
39% MAXIMUM MOISTURE:                    3,975 - 4,050           

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