USDA Oceania Cheddar Cheese 07/17 09:30

AMS_1082 MARS

Cheese - Oceania

Released on July 17, 2025

Oceania cheddar cheese prices fell during the reporting period, with decreases 
at both the low and high ends of the price range. Milk production is limited 
due to the season ending in Oceania. Cheese inventories remain tight. Notably, 
at Global Dairy Trading (GDT) event 384, no product was offered for August, the 
earliest contract at the event. Domestic demand remains strong, with domestic 
prices firmly above export prices. Export demand weakened during the reporting 
period, especially in the near term, as evidenced by weakening export prices. 
The United States easily supplied cheddar cheese to the global market, creating 
downward pressure on Oceania export prices. Trade volatility remains a key 
uncertainty in global markets.  

At GDT event 384, no trades occurred for the August 2025 and January 2026 
contracts. Relative to the prior GDT event, the price indices for the 
September, October, November, and December contracts decreased by 7.7 percent, 
6.3 percent, 2.7 percent, and 3.5 percent, respectively. The total volume of 
cheddar cheese sold at GDT event 384 was in line with the volume sold at event 
383 and in line with the volume sold at event 360, held one year ago. The top 
three buyers of cheddar cheese at event 384 were Southeast Asia/Oceania, North 
Asia, and Africa. The volume purchased by North Asia was higher than the volume 
purchased by the region at the prior event.

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4525 - 5000


Information for the period July 7 - 18, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 384 on July 15, 2025, the average price for cheddar cheese 
across all contract periods was $4,589 per metric ton, corresponding to a 5.6 
percent decrease in the cheddar price index from the prior event. No loads were 
traded for the August contract. The average price for the September contract 
was $4,540 per metric ton, with the September price index down 7.7 percent. 
More information on cheddar prices at the most recent event can be found at 
https://www.globaldairytrade.info/en/product-results/cheddar/.

Dairy Australia recently released export data for Australia showing cheddar 
cheese export volumes from July 2024 - May 2025 totaled 28,268 metric tons, up 
27.9 percent from the same time period a year earlier. Other cheese export 
volumes from July 2024 - May 2025 totaled 127,556 metric tons, up 14.5 percent 
from the same time period a year earlier.

[0600059B]