USDA Oceania Cheddar Cheese 06/20 09:55
06/20/2025 | 9:55 am CDT USDA Oceania Cheddar Cheese 06/20 09:55
AMS_1082 MARS Cheese - Oceania Released on June 20, 2025 During the current reporting period, Oceania cheddar cheese prices increased at the low end of the price range and decreased at the high end of the price range. Domestic prices remained slightly above export prices, indicating a slight strengthening of domestic demand. Milk production is at its low point seasonally, providing support for steady prices as inventories remain tight. Export demand is strong, especially for contracts with delivery dates in the last quarter of 2025. At Global Dairy Trade (GDT) event 382, the cheddar price index decreased by 3.0 percent for the July contract but increased for all remaining contracts for which loads were traded. Relative to the previous event, the cheddar price indices at GDT event 382 increased by 0.1 percent for the August contract, 5.3 percent for the September contract, 8.9 percent for the October contract, and 6.8 percent for the November contract. No loads were traded for the December contract. The total volume of cheddar cheese sold at GDT event 382 was similar to the volume sold at event 381 and slightly above the volume sold at event 358, held a year ago. Buyers in the Middle East bought almost half of the cheddar cheese sold at GDT event 382. This may signal stockpiling efforts in the region in response to recent geopolitical tensions. Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese Price Range - Dollars per Metric Ton: 4975 - 5100 Information for the period June 9 - 20, 2025, issued biweekly Secondary Sourced Information: During GDT event 382 on June 17, 2025, the average price for cheddar cheese across all contracts was $4,992 per metric ton, corresponding to a 5.1 percent increase in the cheddar cheese price index from the prior event. The average price for the July contract was $5,023 per metric ton, with the July price index down 3.0 percent. More information on cheddar cheese prices at the most recent GDT event can be found at https://www.globaldairytrade.info/en/product-results/cheddar/. [0600059B]