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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 (TE380)

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

Products
TE 380
TE 379
Change
WMP Regular NZ – C24,3504,470-2.68%
SMP Medium Heat NZ – C22,9002,990-3.01%
AMF Premium 210kg drum – NZ/AU C27,2557,2450.14%
BTR Unsalted 25kg – NZ C27,8158,050-2.92%

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 1Current4,4154,590
Previous4,4854,580
Change-1.56%0.22%
Contract 2Current4,3504,575
Previous4,4704,575
Change-2.68%N/A
Contract 3Current4,4004,500
Previous4,4904,585
Change-2.00%-1.85%
Contract 4Current4,1954,290
Previous4,1404,365
Change1.33%-1.72%
Contract 5Current4,0804,235
Previous4,0304,355
Change1.24%-2.76%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,8902,950
Previous2,9953,045
Change-3.51%-3.12%
Contract 2Current2,9002,955
Previous2,990n.s
Change-3.01%N/A
Contract 3Current2,9102,925
Previous3,115n.s
Change-6.58%N/A
Contract 4Current2,9452,945
Previous2,980n.s
Change-1.17%N/A
Contract 5Current2,8952,915
Previous2,9402,950
Change-1.53%-1.19%
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 1Current7,310n.s
Previous7,2307,175
Change1.11%N/A
Contract 2Current7,2557,180
Previous7,2457,150
Change0.14%0.42%
Contract 3Current7,2707,195
Previous7,2757,240
Change-0.07%-0.62%
Contract 4Current7,3357,260
Previous7,1957,120
Change1.95%1.97%
Contract 5Current7,3407,265
Previous7,270n.s
Change0.96%N/A
Contract 6Current7,3807,245
Previous6,9406,905
Change6.34%4.92%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current7,8707,910
Previous8,0708,070
Change-2.48%-1.98%
Contract 2Current7,8157,855
Previous8,0508,050
Change-2.92%-2.42%
Contract 3Current7,7607,765
Previous8,140n.s
Change-4.67%N/A
Contract 4Current7,785n.s
Previous7,9557,955
Change-2.14%N/A
Contract 5Current7,7457,745
Previous7,6407,640
Change1.37%1.37%
Contract 6Current7,465n.s
Previous7,475n.s
Change-0.13%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.