MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  September 28, 2017 (REPORT 39)                     

OCEANIA                                                          
INFORMATION GATHERED  09/18/2017 - 09/29/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:    
 	Oceania cheddar prices are mixed, both lower and higher, but 
relatively slight changes from recent weeks. An observer noted that 
markets seem comfortable with the general price level and cheddar 
seems to move along near the same prices. No significant changes in 
prices are expected in coming weeks. This gives buyers comfort in 
committing to transactions. 
       January-July Australian cheese exports, 97,799 MT, declined 4.6 
percent from the same period one year earlier, according to Eucolait. 
The range of monthly percentage changes in cumulative export volumes 
varies from -4.6 percent in June and July, to +8 percent in January. 
Export volumes and primary destinations are shown in the following 
table:
 
  		             Australia Cheese Exports
                 	   Main Three Destinations 
                 	      January-July 2017 
 
Destination       	Quantity(MT)   Percent of Total  
Japan                 48,352                47.1
China                 14,661                14.3 
South Korea            6,541                 6.4


       At GDT Event 196 on September 19, the cheddar all contracts 
price, $4,032, decreased 1.9 percent. The October contract, $4,241, 
increased 0.6 percent.
                                              
                                                                 
39% MAXIMUM MOISTURE:                    4,000 - 4,250           

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-
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