USDA Oceania Cheddar Cheese 05/21 10:35

AMS_1082 MARS

Cheese - Oceania

Released on May 21, 2026

Cheddar cheese prices decreased across the entire price range this reporting 
period. Processor prices were also down from both last month and last year. A 
major New Zealand dairy cooperative reported that its projected total cheese 
offering for the next 12 months remains unchanged.

Cheddar prices were mixed across all offered contract periods at Global Dairy 
Trade (GDT) Event 404. June, August, and September posted declines ranging from 
0.1 percent to 5.4 percent, while July and October recorded modest increases of 
1.3 percent and 0.6 percent, respectively. No product was offered for November 
delivery. Total volume sold was similar to both Event 403 and year ago levels. 
July and August together accounted for 59 percent of all cheddar sales. 
Southeast Asia/Oceania was the top buyer, followed by North Asia and the Middle 
East.

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4525 - 4750


Information for the period May 11 - 22, 2026, issued biweekly

Secondary Sourced Information:

Dairy Australia recently released export data for Australia showing cheddar 
cheese export volumes from July 2025 - March 2026 totaled 19,586 metric tons 
(MT), a decrease of 18.2 percent compared to export volume totals from July 
2024 - March 2025. Other cheese export volumes from July 2025 - March 2026 
totaled 106,838 MT, an increase of 1.8 percent compared to export volume totals 
from July 2024 - March 2025.

At GDT Event 404 on May 19, 2026, the average cheddar price index across all 
contract periods decreased to $4,560/MT, a 1.3 percent decline from the 
previous event. The June contract averaged $4,546/MT, with its index dropping 
2.9 percent. Additional cheddar pricing details are available at 
https://www.globaldairytrade.info/en/product-results/cheddar/.

[0600059B]