MD_DA128

     Cheese - Oceania

     Report 43 - Released on October 22, 2020


     Prices for cheddar in Oceania lifted the price range higher. Demand has been and remains
     strong. Manufacturers expect brisk demand to continue at least through November. That
     sentiment is one that buyers have accepted and responded to in price negotiations. Looking
     toward Q1 2021 there is less certainty that current pricing will continue. Buyers are likely
     to find cheese when they want it but there seems to be no great evidence of buyers pacing
     buying.

     Prices for: Oceania Cheese, Cheddar, 39% Maximum Moisture, Free on Board - Port,
     Price Range - $/MT:                                    3,750 - 3,925


     Information for the period October 12 - 23, 2020, issued biweekly

     Secondary Sourced Information:


     Cheese exports from New Zealand January � August 2020, 211,000 MT, decreased 5.7 percent
     from January � August 2019 according to CLAL data made available to USDA.


     Seasonal cheddar exports from Australia July � August 2020, 5,151 MT, decreased 13.2
     percent from July � August 2019 according to Dairy Australia. Seasonal other cheese exports
     from Australia July � August 2020, 16,935 MT, increased 6.3 percent from July � August
     2020.

     At GDT event 270 on October 20, the cheddar all contracts price, $3,803, increased 3.0
     percent. The November contract, $3,904, increased 1.1 percent.


     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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