USDA Oceania Cheddar Cheese 02/12 10:05

AMS_1082 MARS

Cheese - Oceania

Released on February 12, 2026

Cheddar cheese prices in Oceania strengthened across both ends of the range, 
supported by increased export volumes and firm international demand. Domestic 
prices also held steady, driven by lower production as seasonal milk output 
continues to decline.

Cheddar cheese prices strengthened across all contract periods offered at GDT 
Event 397, though gains were more moderate compared to other dairy commodities. 
Market signals were mixed, as the volume of cheddar sold declined from the 
previous event, likely tempering upward price momentum. Southeast Asia/Oceania 
led buying activity, followed by North Asia, reflecting continued regional 
demand despite reduced overall sales volume.

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4650 - 4825


Information for the period February 2 - 13, 2026, issued biweekly

Secondary Sourced Information:

Dairy Australia recently released export data for Australia showing cheddar 
cheese export volumes from July - December 2025 totaled 14,282 metric tons, a 
decrease of 4.1 percent compared to export volume totals from July - December 
2024. Other cheese export volumes from July - December 2025 totaled 72,207 
metric tons, an increase of 4.9 percent compared to export volume totals from 
July - December 2024.

During GDT event 397 on February 3, 2026, the average price for cheddar across 
all contract periods was $4,772 per metric ton, corresponding to a 3.8 percent 
increase in the cheddar price index from the prior event. The average price for 
the March contract was $4,659 per metric ton, with the March price index up 1.5 
percent. More information on cheddar prices at the most recent event can be 
found at https://www.globaldairytrade.info/en/product-results/cheddar/.

[0600059B]