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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 (TE378)

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

Products
TE 378
TE 377
Change
WMP Regular NZ – C24,1053,9803.14%
SMP Medium Heat NZ – C22,9052,8751.04%
AMF Premium 210kg drum – NZ/AU C26,8406,6952.17%
BTR Unsalted 25kg – NZ C27,6257,5750.66%

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 1Current4,1154,380
Previous4,0404,185
Change1.86%4.66%
Contract 2Current4,1054,225
Previous3,9804,075
Change3.14%3.68%
Contract 3Current4,0954,240
Previous4,0304,135
Change1.61%2.54%
Contract 4Current4,1654,270
Previous4,0204,115
Change3.61%3.77%
Contract 5Current4,1004,220
Previous4,0004,095
Change2.50%3.05%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current——
Previous——
ChangeN/AN/A
Contract 2Current2,9052,905
Previous2,8753,030
Change1.04%-4.13%
Contract 3Current3,020n.s
Previous2,9253,060
Change3.25%N/A
Contract 4Current2,9202,955
Previous2,8352,915
Change3.00%1.37%
Contract 5Current2,965n.s
Previous2,9052,905
Change2.07%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 1Current6,8656,830
Previous6,7006,625
Change2.46%3.09%
Contract 2Current6,8406,765
Previous6,6956,620
Change2.17%2.19%
Contract 3Current6,8906,815
Previous6,7606,685
Change1.92%1.94%
Contract 4Current6,9156,840
Previous6,795n.s
Change1.77%N/A
Contract 5Current6,9106,835
Previous6,6656,710
Change3.68%1.86%
Contract 6Current6,7756,750
Previous6,7506,675
Change0.37%1.12%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current7,650n.s
Previous7,5857,660
Change0.86%N/A
Contract 2Current7,625n.s
Previous7,5757,615
Change0.66%N/A
Contract 3Current7,4807,480
Previous7,540n.s
Change-0.80%N/A
Contract 4Current7,440n.s
Previous7,480n.s
Change-0.53%N/A
Contract 5Current7,395n.s
Previous7,3457,420
Change0.68%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.