MD_DA128 Cheese - Oceania Report 43 - Released on October 27, 2022 Cheddar prices in Oceania are lower. Following results from GDT event 18 as an indicator, expectations are for more of the same in coming weeks. New Zealand and Australia cheddar manufacturing is seasonally low due to the less than anticipated available milk supply in the new production season. Current output centers around contractual obligations and expected sales to Asia. The market undertone holds uncertainty. Prices for: Oceania Cheese, Cheddar, 39% Maximum Moisture, Free on Board - Port, Price Range - $/MT: 4,675 - 5,150 Information for the period October 17 - 28, 2022, issued biweekly Secondary Sourced Information: GLOBAL DAIRY TRADE At GDT event 318, on October 18, 2022, the cheddar all contracts price, $4,769 decreased 3.9 percent. The November contract, $4,987, increased 3.9 percent. AUSTRALIA EXPORTS Australian exports of cheddar in August 2022 MT, 3,666 MT, decreased 29.4 percent from August 2021, according to Dairy Australia. Published by: Dairy Market News - Madison, WI DANIEL JOHNSON, 608-422-8605 Email: daniel.johnson4@usda.gov Additional Dairy Market News Information: Dairy Market News (DMN) by Phone: (608)422-8602 DMN Website: https://www.ams.usda.gov/market-news/dairy DMN MARS (My Market News): https://mymarketnews.ams.usda.gov