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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 (TE387)

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

Products
TE 387
TE 386
Change
WMP Regular NZ – C23,7854,025-5.96%
SMP Medium Heat NZ – C22,5902,735-5.30%
AMF Premium 210kg drum – NZ/AU C26,8557,140-3.99%
BTR Unsalted 25kg – NZ C26,9657,175-2.93%

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 1Current3,9004,010
Previous4,0254,315
Change-3.11%-7.07%
Contract 2Current3,7853,880
Previous4,0254,120
Change-5.96%-5.83%
Contract 3Current3,7453,840
Previous3,9554,055
Change-5.31%-5.30%
Contract 4Current3,7653,860
Previous3,9554,060
Change-4.80%-4.93%
Contract 5Current3,8153,910
Previous3,9754,070
Change-4.03%-3.93%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,595n.s
Previousn.sn.s
ChangeN/AN/A
Contract 2Current2,5902,615
Previous2,7352,745
Change-5.30%-4.74%
Contract 3Current2,5902,615
Previous2,7502,770
Change-5.82%-5.60%
Contract 4Current2,6402,640
Previous2,8002,800
Change-5.71%-5.71%
Contract 5Current2,7402,740
Previous2,7902,790
Change-1.79%-1.79%
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 1Current7,0706,995
Previous7,1757,100
Change-1.46%-1.48%
Contract 2Current6,8556,780
Previous7,1407,065
Change-3.99%-4.03%
Contract 3Current6,8906,875
Previous7,0506,975
Change-2.27%-1.43%
Contract 4Current6,9006,825
Previous7,1207,045
Change-3.09%-3.12%
Contract 5Current6,9856,910
Previous7,0857,010
Change-1.41%-1.43%
Contract 6Current7,270n.s
Previous6,9706,945
Change4.30%N/A

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current7,0507,050
Previous7,2657,315
Change-2.96%-3.62%
Contract 2Current6,9656,965
Previous7,1757,175
Change-2.93%-2.93%
Contract 3Current6,8806,880
Previous7,0557,055
Change-2.48%-2.48%
Contract 4Current6,8206,820
Previous6,960n.s
Change-2.01%N/A
Contract 5Current6,9456,945
Previous7,025n.s
Change-1.14%N/A
Contract 6Current7,115n.s
Previous7,0057,045
Change1.57%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.