MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  September 14, 2017 (REPORT 37)                     

OCEANIA                                                          
INFORMATION GATHERED  09/04/2017 - 09/15/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  

       Cheddar prices in Oceania firmed. Oceania lags cheese pricing in the 
EU, which is a factor helping to sustain Oceania prices. An additional 
factor is that cheese buying interest in Oceania is picking up, helping to 
move prices higher. Export inquiries are increasing as well. 
       January-July, the range of percentage changes year to date in 
cumulative New Zealand cheese export volumes vary from -15.8 percent in 
February, to July's +1.6 percent. Export volumes and primary destinations 
are shown in the following table:
 
                        New Zealand Cheese Exports
                         Main Three Destinations 
                           January-July 2017 
 
Destination           Quantity(MT)   Percent of Total  
Australia               40,904          19.1
Japan                   37,264          17.4
China                   35,841          16.8

       At GDT Event 195 on September 5, the cheddar all contracts price, 
$4,118, increased 2.5 percent. 
                                                                 
39% MAXIMUM MOISTURE:                    4,100 - 4,225           


0930c mike.bandli@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-
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