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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 (TE392)

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

Products
TE 392
TE 391
Change
WMP Regular NZ – C23,4053,475-2.01%
SMP Medium Heat NZ – C22,5652,570-0.19%
AMF Premium 210kg drum – NZ/AU C26,5606,900-4.93%
BTR Unsalted 25kg – NZ C25,8606,370-8.01%

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 1Current3,4103,505
Previous3,5153,610
Change-2.99%-2.91%
Contract 2Current3,4053,500
Previous3,4753,570
Change-2.01%-1.96%
Contract 3Current3,4103,505
Previous3,4653,560
Change-1.59%-1.54%
Contract 4Current3,4103,535
Previous3,4653,590
Change-1.59%-1.53%
Contract 5Current3,4503,545
Previous3,4753,590
Change-0.72%-1.25%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,550n.s
Previous2,580n.s
Change-1.16%N/A
Contract 2Current2,5652,565
Previous2,570n.s
Change-0.19%N/A
Contract 3Current2,5502,560
Previous2,565n.s
Change-0.58%N/A
Contract 4Current2,5652,565
Previous2,580n.s
Change-0.58%N/A
Contract 5Current2,5502,565
Previous2,570n.s
Change-0.78%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 1Current6,6856,610
Previous7,1857,170
Change-6.96%-7.81%
Contract 2Current6,5606,485
Previous6,9006,825
Change-4.93%-4.98%
Contract 3Current6,5156,440
Previous6,8556,780
Change-4.96%-5.01%
Contract 4Current6,5756,500
Previous6,8556,780
Change-4.08%-4.13%
Contract 5Current6,6456,570
Previous6,9256,850
Change-4.04%-4.09%
Contract 6Current6,6956,620
Previous7,0456,970
Change-4.97%-5.02%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current6,0006,000
Previous6,4756,475
Change-7.34%-7.34%
Contract 2Current5,8605,860
Previous6,3706,370
Change-8.01%-8.01%
Contract 3Current5,9355,935
Previous6,4056,405
Change-7.34%-7.34%
Contract 4Current6,0306,030
Previous6,4856,485
Change-7.02%-7.02%
Contract 5Current6,240n.s
Previous6,6156,570
Change-5.67%N/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.