USDA Oceania Cheddar Cheese 05/22 09:30

AMS_1082 MARS

Cheese - Oceania

Released on May 22, 2025

During the reporting period, Oceania cheddar cheese prices fell, decreasing 
slightly at the low end of the price range and decreasing substantially at the 
high end of the price range. Cheese production is lighter as milk production in 
Oceania declines seasonally. Export demand appears weaker since the previous 
reporting period, with domestic Oceania cheese prices exceeding Global Dairy 
Trade (GDT) prices in the current period.

Cheddar cheese prices decreased substantially at GDT event 380. The 
all-contracts price was $5,007 per metric ton, down 9.2 percent from GDT event 
379 but within price ranges observed over the past 12 months. Price indices 
decreased by 8.5 percent for both the June and July contracts, and indices 
decreased by 11.1 percent, 12.5 percent, and 4.6 percent for the August, 
September, and October contracts, respectively. 

Cheddar volumes traded at this week's GDT event were similar to volumes traded 
in GDT event 379 and the event held at the same time last year (GDT event 356).

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4975 - 5200


Information for the period May 12 - 23, 2025, issued biweekly

Secondary Sourced Information:

Recently released export data from New Zealand showed April 2025 cheese export 
volumes increased 33.9 percent from the year prior. Export volumes of cheese 
from January - April 2025 were up 33.1 percent from the same time frame a year 
ago.

During GDT event 380 on May 20, 2025, the cheddar all-contracts price, $5,007, 
decreased 9.2 percent from the prior event. The June contract average was 
$5,085, with the cheddar price index for June down 8.5 percent. More 
information on cheddar prices at the latest GDT event can be found at 
https://www.globaldairytrade.info/en/product-results/cheddar/.

[0600059B]