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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 (TE395)

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

Products
TE 395
TE 394
Change
WMP Regular NZ – C23,3603,1157.87%
SMP Medium Heat NZ – C22,6052,4605.89%
AMF Premium 210kg drum – NZ/AU C26,0355,5608.54%
BTR Unsalted 25kg – NZ C25,2105,0054.10%

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 1Current3,3453,440
Previous3,1103,205
Change7.56%7.33%
Contract 2Current3,3603,455
Previous3,1153,210
Change7.87%7.63%
Contract 3Current3,3653,460
Previous3,1453,240
Change7.00%6.79%
Contract 4Current3,3753,500
Previous3,1803,275
Change6.13%6.87%
Contract 5Current3,4153,510
Previous3,2753,370
Change4.27%4.15%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,620n.s
Previous2,4602,480
Change6.50%N/A
Contract 2Current2,6052,630
Previous2,4602,480
Change5.89%6.05%
Contract 3Current2,6002,650
Previous2,4502,465
Change6.12%7.51%
Contract 4Current2,6102,610
Previous2,4602,480
Change6.10%5.24%
Contract 5Current2,6302,630
Previous2,5002,515
Change5.20%4.57%
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 1Current6,0956,070
Previous5,6905,655
Change7.12%7.34%
Contract 2Current6,0355,960
Previous5,5605,485
Change8.54%8.66%
Contract 3Current5,9555,930
Previous5,5805,505
Change6.72%7.72%
Contract 4Current6,0605,985
Previous5,6655,590
Change6.97%7.07%
Contract 5Current5,9055,830
Previous5,8505,825
Change0.94%0.09%
Contract 6Current——
Previous5,8205,795
ChangeN/AN/A

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current5,355n.s
Previous5,0005,000
Change7.10%N/A
Contract 2Current5,2105,210
Previous5,0055,005
Change4.10%4.10%
Contract 3Current5,1955,290
Previous5,0205,020
Change3.49%5.38%
Contract 4Current5,310n.s
Previous5,2005,200
Change2.12%N/A
Contract 5Current——
Previous——
ChangeN/AN/A
Contract 6Current——
Previous——
ChangeN/AN/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.