MD_DA128 Cheese - Oceania Report 19 - Released on May 07, 2020 Cheddar prices in Oceania are lower. This partly results from milk being diverted into cheddar by manufacturers who already make it. Production schedules have been expanded. More normalization of demand has resulted as COVID-19 factors recede in Oceania and Asia. However, increased production is staying ahead of increased demand. Price levels remain profitable and some manufacturers also do not mind buffering stocks a bit. Prices for: Oceania Cheese, Cheddar, 39% Maximum Moisture, Free on Board - Port, Price Range - $/MT: 4,000 - 4,400 Information for the period April 27 - May 8, 2020, issued biweekly Secondary Sourced Information: At GDT event 259 on May 5, the cheddar all contracts price, $4,115, decreased 6.8 percent. The June contract, $4,000, decreased 12.1 percent. Cheese exports from New Zealand January – March 2020 increased 2 percent from January – March 2019, according to Eucolait. March 2020 cheese exports declined 14 percent YOY. Published by: Dairy Market News - Madison, WI Eric Graf, 608.422.8590 Email: Eric.Graf@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