USDA Oceania Cheddar Cheese 11/20 10:20

AMS_1082 MARS

Cheese - Oceania

Released on November 20, 2025

Prices for Oceania cheddar cheese fell during the reporting period, with 
decreases at both the bottom and top of the price range. Milk is widely 
available during Oceania's spring flush period, allowing for strong cheese 
production. Domestic prices remained steady while export prices decreased, 
reflecting a market in which supply is outpacing demand.

At Global Dairy Trade (GDT) event 392, cheddar price indices decreased across 
all contracts for which product was offered for delivery. The price indices for 
the near-term contracts saw the steepest declines, with the indices for the 
December, January, and February contracts each falling between 2.8 percent and 
3.2 percent. The indices for the March and April contracts declined more 
modestly, decreasing by 1.9 percent and 2.4 percent, respectively. No product 
was offered for delivery under the May contract. The volume of cheddar cheese 
sold at event 392 was in line with the volume sold at both the prior event and 
at event 368, held one year ago. Buyers in North Asia purchased the most cheese 
at event 392, while buyers in Southeast Asia/Oceania and the Middle East 
purchased the second- and third-largest quantities, respectively.

Prices for: Oceania, 39% Maximum Moisture, Free on Board - Port Cheese
Price Range - Dollars per Metric Ton: 4300 - 4625


Information for the period November 10 - 21, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 392 on November 18, 2025, the average price for cheddar cheese 
across all contract periods was $4,328 per metric ton, corresponding to a 2.7 
percent decrease in the cheddar price index from the prior event. The average 
price for the December contract was $4,335 per metric ton, with the December 
price index down 3.2 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 - September 2025 totaled 6,845 metric tons, an 
increase of 0.9 percent compared to export volume totals from July - September 
2024. Other cheese export volumes from July - September 2025 totaled 31,120 
metric tons, an increase of 0.8 percent compared to export volume totals from 
July - September 2024.

[0600059B]