MD_DA128

     Cheese - Oceania

     Report 11 - Released on March 16, 2023

     Cheddar prices in Oceania decreased at both ends of the price range, after cheddar prices at
     GDT event 327 plunged 10.2 percent. Cheddar demand is seeing some drawback, as sources point
     out that total volumes purchased among Southeast Asia, North Asia, and Middle East eased.
     Most regular buyers are contracted for current needs, while spot market sales are limited in
     Oceania. Cheddar production is mostly steady in Australia, with adequate inventories.

     Prices for: Oceania Cheese, Cheddar, 39% Maximum Moisture, Free on Board - Port,
     Price Range - $/MT:                                    4,500 - 4,800


     Information for the period March 6 - 17, 2023, issued biweekly

     Secondary Sourced Information:

     GLOBAL DAIRY TRADE
     At GDT event 327 on March 7, 2023, the cheddar all contracts price, $4,509 declined 10.2
     percent. The April contract, $4,571, declined 8.0 percent.

     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