USDA Oceania Cheddar Cheese 09/11 09:40

AMS_1082 MARS

Cheese - Oceania

Released on September 11, 2025

Oceania cheddar cheese prices increased during the reporting period, with a 
significant increase at the bottom of the price range and a more modest 
increase at the top of the range. Notable year-over-year increases in both milk 
production and milk solids production characterized the start of the current 
milk production season in Oceania. Export demand and domestic demand 
strengthened during the reporting period, with domestic prices rising to levels 
near parity with export prices.

At Global Dairy Trade (GDT) event 387, price indices increased across all 
contracts on offer. Price indices for near-term contracts saw the largest 
increases, with the October, November, and December indices up 5.9 percent, 4.7 
percent, and 4.9 percent, respectively. The indices for the first two contracts 
of 2026 increased much more modestly; the index for the January 2026 contract 
was up 0.8 percent while the index for the February 2026 contract was up 0.4 
percent. No trades occurred for the March 2026 contract. The volume of cheddar 
cheese sold at event 387 was in line with both the volume sold at event 386 and 
the volume sold at event 363, held one year ago. The top three buyers of 
cheddar cheese at event 387 were North Asia, Africa, and Southeast 
Asia/Oceania, though North Asia purchases were down compared to event 386.

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4700 - 4775


Information for the period September 1 - 12, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 387 on September 2, 2025, the average price for cheddar cheese 
across all contract periods was $4,709 per metric ton, corresponding to a 3.6 
percent increase in the cheddar price index from the prior event. The average 
price for the October contract was $4,770 per metric ton, with the October 
price index up 5.9 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 in July 2025 totaled 2,019 metric tons, up 0.3 percent 
year over year. Other cheese export volumes in July 2025 totaled 11,234 metric 
tons, up 3.5 percent year over year.

[0600059B]