USDA Oceania Cheddar Cheese 10/23 09:30

AMS_1082 MARS

Cheese - Oceania

Released on October 23, 2025

The price range for Oceania cheddar cheese prices narrowed during the reporting 
period, increasing at the bottom of the price range and decreasing at the top 
of the range. Production remains strong as Oceania nears peak milk production 
for the season. Milkfat is widely available, with New Zealand recently 
recording its fifth straight month of record-breaking milk solids production. 
Domestic prices held steady, suggesting demand and supply are well-balanced. 
Export prices fell to levels comparable to domestic prices, likely due to 
plentiful supply in the global market.

At Global Dairy Trade (GDT) 390, cheddar price indices decreased across all 
contract periods for which product was offered. The price indices for the 
November, February, and March contracts each decreased between 2.4 percent and 
2.7 percent. The price indices for the December and January contracts decreased 
more modestly, falling by 1.7 percent and 1.5 percent, respectively. No product 
was offered for delivery in April 2026. The volume of cheddar cheese sold at 
event 390 was in line with volumes sold both at event 389 and at event 366, 
held one year ago. North Asia purchased the most cheddar cheese at event 390, 
followed by Southeast Asia/Oceania and the Middle East.

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4725 - 4850


Information for the period October 13 - 24, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 390 on October 21, 2025, the average price for cheddar across 
all contract periods was $4,758 per metric ton, corresponding to a 1.9 percent 
decrease in the cheddar price index from the prior event. The average price for 
the November contract was $4,837 per metric ton, with the November price index 
down 2.5 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 September 2025 cheese 
export volumes were 24,388 MT, an increase of 7.0 percent from the year prior. 
Export volumes of cheese from January - September 2025 were 306,880 MT, up 14.0 
percent from the same time frame a year ago.

Beginning November 1, 2025, this report will be published at 11:30 AM EST/10:30 
AM CST.

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