Cheddar Cheese - Oceania

     Cheese - Oceania

     Report 49 - Released on December 06, 2018

     Prices for cheddar this period are lower. Buyers are not as actively in the current market
     and that has softened the price range.

      Production of cheddar is very active. Milk remains near seasonal highs and cheese
     manufacturers are scheduling robust production. Australian cheddar manufacturers continue to
     deal with strong domestic demand as well as good export demand.
     Prices for: Oceania Cheese, Cheddar, Free on Board - Port,
     Price Range - $/MT:                                    3,075 - 3,450

     Information for the period November 26 -  December 7, 2018, issued biweekly

     Secondary Sourced Information:

     Cheese exports from New Zealand January-October this year were down 6.5 percent from
     January-October 2017, according to CLAL. The table below shows top export destination
     country percent change comparing January-September 2018 with 2017.

                       NEW ZEALAND CHEESE EXPORTS

                      % Change
     Destination      Jan.-Oct. 2018/2017
     Japan             +6.9
     Australia        -21.5
     China            -13.3

     At GDT event 225 on December 4, the cheddar all contracts price, $3,184, decreased 2.2
     percent. The January contract price, $3,320, decreased 2.4 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
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