USDA Oceania Cheddar Cheese 08/28 10:05

AMS_1082 MARS

Cheese - Oceania

Released on August 28, 2025

Oceania cheddar cheese prices fell at both ends of the price range during the 
reporting period. Production is light as milk output is still seasonally low, 
though expected to increase in the near term. Domestic demand is lighter, but 
remains stronger than export demand. 

Cheese prices declined across contracts for September, October, and November 
deliveries at GDT event 386, while the December and January contracts increased 
in price. In general, contracts with more distant delivery dates are currently 
priced higher than those with near-term deliveries, suggesting cheese prices 
are expected to rise through the close of the calendar year. More cheddar 
cheese was offered for purchase compared to GDT event 385 in early August and 
the North Asia region, which includes China, purchased a greater quantity of 
cheese at this event.

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4475 - 4700


Information for the period August 18 - 29, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 386 on August 19, 2025, the average price for cheddar across 
all contract periods was $4,548 per metric ton, corresponding to a 0.5 percent 
decrease in the cheddar price index from the prior event. The average price for 
the September contract was $4,505 per metric ton, with the September price 
index down 3.2 percent. More information on cheddar prices at the most recent 
event can be found at 
https://www.globaldairytrade.info/en/product-results/cheddar/.

Recently released export data from New Zealand showed July 2025 cheese export 
volumes were 35,561 MT, a decrease of 11.7 percent from the year prior. Export 
volumes of cheese from January - July 2025 were 265,478 MT, up 18.2 percent 
from the same time frame a year ago.

[0600059B]