MD_DA128

     Cheese - Oceania

     Report 41 - Released on October 12, 2023

NOTICE: After October 16, 2023, all information found on this report will transition to a new PDF format. 
The same data will be collected and disseminated through AMS Marketing Analysis and Reporting 
Services (MARS) platform. The new pdf report can be accessed on the AMS website at:
https://www.ams.usda.gov/mnreports/ams_1082.pdf


     Oceania cheddar prices are steady at the top, but lower at the bottom of the price range,
     following a 4.8 percent drop in the average price at GDT 341 event. Southeast Asia led
     buying activity at this auction, as prices moved lower for most contracts. In general,
     demand is moderate to good. Production has seen some decline based on the volume of milk
     made available to cheese plants. Supplies of cheddar are sufficient for committed customers
     and spot purchases. Export demand is steady. The cheese market currently has an uneven
     undertone.
     Prices for: Oceania Cheese, Cheddar, 39% Maximum Moisture, Free on Board - Port,
     Price Range - $/MT:                                    3,800 - 4,150


     Information for the period October 2 - 13, 2023, issued biweekly

     Secondary Sourced Information:

     GLOBAL DAIRY TRADE
     At GDT event 341 on October 3, 2023, the cheddar all contracts price, $3,853, decreased 4.8
      percent. The November contract, $3,963, decreased 4.2 percent.

     EXPORT
     New Zealand cheese exports during January-March 2023, 261,000 MT, increased 18.7 percent
     from the previous year, according to CLAL data made available to USDA.
     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov