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For more information on how to access the NZX Futures and Options Market, please call +64 (9) 309 3672 or email: derivatives@nzx.com.

Global Dairy Trade Price Report (TE385)

Winning prices used in NZX Futures Settlement (US$ per tonne):

Products
TE 385
TE 384
Change
WMP Regular NZ – C24,0403,8804.12%
SMP Medium Heat NZ – C22,8002,805-0.18%
AMF Premium 210kg drum – NZ/AU C27,1857,0551.84%
BTR Unsalted 25kg – NZ C27,2707,605-4.40%

NZX Global Dairy Commodity Futures contracts are cash settled to the Final Settlement Price calculated by NZX according to an average of the winning prices of contract two (C2) at the two GDT Events held within the relevant month in the relevant GDT product.

Fonterra WMP Winning Prices:

Contract
US$/tonne
Regular - NZ
Instant - NZ
Contract 1Current4,0004,250
Previous4,2454,340
Change-5.77%-2.07%
Contract 2Current4,0404,135
Previous3,8803,985
Change4.12%3.76%
Contract 3Current3,9054,065
Previous3,8803,975
Change0.64%2.26%
Contract 4Current3,9104,080
Previous3,8703,965
Change1.03%2.90%
Contract 5Current3,9003,995
Previous3,8553,950
Change1.17%1.14%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current3,3153,315
Previous——
ChangeN/AN/A
Contract 2Current2,8002,800
Previous2,8052,805
Change-0.18%-0.18%
Contract 3Current2,8052,830
Previous2,8202,820
Change-0.53%0.35%
Contract 4Current2,7802,780
Previous2,855n.s
Change-2.63%N/A
Contract 5Current2,795n.s
Previous2,760n.s
Change1.27%N/A
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra AMF Winning Prices:

Contract
US$/tonne
Premium 210 kg Drum - NZ
Regular 210 kg Drum - NZ/AU
Contract 1Current7,2207,145
Previous7,4507,375
Change-3.09%-3.12%
Contract 2Current7,1857,110
Previous7,0556,980
Change1.84%1.86%
Contract 3Current7,0907,015
Previous6,9806,905
Change1.58%1.59%
Contract 4Current6,9756,900
Previous6,9406,865
Change0.50%0.51%
Contract 5Current7,0907,015
Previous6,9456,870
Change2.09%2.11%
Contract 6Current6,9056,830
Previous6,9556,835
Change-0.72%-0.07%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current7,6107,610
Previous7,695n.s
Change-1.10%N/A
Contract 2Current7,2707,270
Previous7,6057,605
Change-4.40%-4.40%
Contract 3Current7,0557,055
Previous7,4257,425
Change-4.98%-4.98%
Contract 4Current7,095n.s
Previous7,3257,355
Change-3.14%N/A
Contract 5Current7,055n.s
Previous7,240n.s
Change-2.56%N/A
Contract 6Current6,995n.s
Previous7,220n.s
Change-3.12%N/A

In any given GDT Event the GDT website may display a range of results other than price, as explained:

  • ' – ' means that the product was not offered.
  • ‘n.s.’ (not sold) means that no product was sold.
  • ‘n.p.’ (not published) means that product was sold at the starting price, and therefore GDT cannot publish the winning price. For an explanation of this rule, see question 9 in the "Common questions" page under "About GDT" at www.globaldairytrade.info
  • 'n.a.' for the Average Winning Price means that no prices were available for that contract period (for the reasons above), and therefore no average price was applicable.

For clarification where GDT publishes ' – ' or ‘n.s.’ (not sold) NZX results will also display a '-' or 'n.s'.

Where the GDT website displays ‘n.p.’ (not published), NZX will display the starting price. Note that the NZX results page will not differentiate between prices that are equal to starting price or those that have exceeded starting prices.

'n.a.' for the Average Winning Price as displayed on the GDT website are not displayed on this results page.

Note that N/A in the table below means there has been no change between current and previous price.