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USDA - AMS: Cheddar Cheese - Oceania (2019-01-17)

USDA U.S. Department of Agriculture - January 17, 2019


     MD_DA128

     Cheese - Oceania

     Report 3 - Released on January 17, 2019

     Oceania cheddar prices firmed, following the positive price direction of other Oceania dairy
     products.

      Cheddar production is continuing at a pace consistent with recent expectations and
     manufacturer plans. Looking into the near future, after filling contractual obligations,
     some milk which could be accommodated by cheddar plants, may transtiton toward powders.
     which are considered to be more profitable right now.

     Through November 2018, Australia was a net cheese exporter. The primary export destination
     was Japan. The primary source of cheese imports was New Zealand. Imports were about 58
     perecent of exports.
     Prices for: Oceania Cheese, Cheddar, Free on Board - Port,
     Price Range - $/MT:                                    3,425 - 3,550


     Information for the period January 7 - 18, 2019, issued biweekly

     Secondary Sourced Information:

     Cheese exports from Australia January-November 2018 were up 1.2 percent from January-
     November 2017, according to CLAL. The table below shows the top export destinations and
     country percent change comparing January-November 2018 with 2017. Exports to Japan are
     nearly double the combined amount to the other four countries listed.

        Australia Cheese Exports

                      % Change
     Destination      Jan.-Nov. 2018/2017
     Japan            +5.1
     China            -8.7
     South Korea      -8.8
     Malaysia        -14.0
     Philippines     +41.5

     Cheese imports to Australia January-November 2018 were down 14.8 percent from January-
     November 2017, according to CLAL. The table below shows the top import origins and country
     percent change comparing January-november 2018 with 2017. More imports come from New Zealand
     than the next five countries combined. New Zealand supplies nearly twice as much as the
     United States, the number two source.

       Australia Cheese Imports

                      % Change
     Origin           Jan.-Nov. 2018/2017
     New Zealand      -22.8
     United States    -14.2
     Italy            +14.1
     Netherlands       +0.6
     France            +8.3
     Germany           -2.5

     Cheese imports by China January-November 2018 decreased 3.3 percent from January-November
     2017, according to CLAL. New Zealand overwhelmingly dominates the top sources, supplying
     more cheese to China than the next six countries shown in the table below combined. The EU
     countries shown supply more cheese to China than the United States. While United States
     cheese exports to China decreased, the EU share increased. The table below shows the top

     import origins and country percent change comparing January-November 2018 with 2017.

     China Cheese Imports

                      % Change
     Origin           Jan.-Nov. 2018/2017
     New Zealand      -6.4
     Australia        -8.5
     United States    -4.8
     Denmark          +0.7
     Italy            +9.3
     France           +3.4
     Germany          +1.3


     Cheese imports by Japan January-November 2018 increased 7.1 percent from January-November
     2017, according to CLAL. Australia and New Zealand dominate the top ten sources, supplying
     over four times more cheese to Japan than the United States. Australia and New Zealand
     supply nearly twice as much cheese to Japan as the top four EU sources of cheese. The table
     below shows the top import origins and country percent change comparing January-November
     2018 with 2017.

     Japan Cheese Imports

                      % Change
     Origin           Jan.-Nov. 2018/2017
     Australia         +2.7
     New Zealand       +3.8
     United States     +7.8
     Netherlands      +11.0
     Denmark          +15.5
     Germany           +9.9
     France            +4.8

     At GDT event 228 on January 15, the cheddar all contracts price, $3,504, increased 4.2
     percent. The February contract price, $3,476, decreased 0.6 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home

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