Cheddar Cheese - Oceania
MD_DA128

     Cheese - Oceania

     Report 41 - Released on October 11, 2018

     Oceania cheddar prices are steady to slightly lower at the top of the price range. Supplies
     are considered generally balanced. Domestic demand is at expected levels.

      Negotiations with Japan for contracts are underway, which has led to some manufacturers
     striving to be firmer in pricing they will accept from non-Japanese transactions to help to
     maintain as close to recent price lavels as they can while negotiations with Jpan continue.
     Production is increasing, made possible by increasing milk volumes now being available to
     cheese plants.
     Prices for: Oceania Cheese, Cheddar, Free on Board - Port,
     Price Range - $/MT:                                    3,400 - 3,675


     Information for the period October 1 - 12, 2018, issued biweekly

     Secondary Sourced Information:

     Cheese exports from New Zealand January-August this year were down 4.7 percent from
     January-August 2017, according to CLAL. For the top three export destinations the table
     below shows the percentage of 2017 exports to each country (Eucolait data), and country
     percent change comparing January-August 2018 with 2017 (CLAL data).

                       New Zealand Cheese Exports

                      % of Total       % Change
     Destination      Jan.-Dec. 2017   Jan.-Aug. 2018/2017
     Japan            20.2              +2.6
     Australia        18.1             -19.0
     China            13.8             -13.0

     Cheese exports from Australia January-August this year were up 2.8 percent from January-
     August 2017, according to CLAL. For the top three export destinations the table below shows
     the percentage of 2017 exports to each country (Eucolait data), and country percent change
     comparing January-August 2018 with 2017 (CLAL data).

                      Australia Cheese Exports

                      % of Total       % Change
     Destination      Jan.-Dec. 2017   Jan.-Aug. 2018/2017
     Japan            51.1             +10.8
     China            11.0             -18.8
     South Korea       5.5             -9.1

     At GDT event 221 on October 2, the cheddar all contracts price, $3,468, decreased 1.2
     percent. The November contract price, $3,495, declined 5.5 percent. The current all
     contracts price is 3.6 percent lower than event 216 on July 17.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home