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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 (TE364)

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

Products
TE 364
TE 363
Change
WMP Regular NZ – C23,4153,4050.29%
SMP Medium Heat NZ – C22,7852,7302.01%
AMF Premium 210kg drum – NZ/AU C27,3157,575-3.43%
BTR Unsalted 25kg – NZ C26,4106,570-2.44%

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 1Current3,6453,860
Previous3,5903,715
Change1.53%3.90%
Contract 2Current3,4153,515
Previous3,4053,500
Change0.29%0.43%
Contract 3Current3,3753,470
Previous3,2953,395
Change2.43%2.21%
Contract 4Current3,3753,470
Previous3,3103,405
Change1.96%1.91%
Contract 5Current3,3903,485
Previous3,3053,400
Change2.57%2.50%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,800—
Previous2,790—
Change0.36%N/A
Contract 2Current2,7852,800
Previous2,7302,740
Change2.01%2.19%
Contract 3Current2,8252,825
Previous2,7202,720
Change3.86%3.86%
Contract 4Current2,825n.s
Previous2,745n.s
Change2.91%N/A
Contract 5Current2,845n.s
Previous2,775n.s
Change2.52%N/A
Contract 6Current2,815n.s
Previous2,700n.s
Change4.26%N/A

Fonterra AMF Winning Prices:

Contract
US$/tonne
Premium 210 kg Drum - NZ
Regular 210 kg Drum - NZ/AU
Contract 1Current7,4057,360
Previous7,6307,555
Change-2.95%-2.58%
Contract 2Current7,3157,290
Previous7,5757,500
Change-3.43%-2.80%
Contract 3Current7,1607,085
Previous7,1107,065
Change0.70%0.28%
Contract 4Current7,1357,060
Previous7,1007,035
Change0.49%0.36%
Contract 5Current7,1257,030
Previous7,0807,095
Change0.64%-0.92%
Contract 6Current7,1157,070
Previous7,0007,080
Change1.64%-0.14%

Fonterra BUTTER Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current6,5756,615
Previous6,690n.s
Change-1.72%N/A
Contract 2Current6,4106,410
Previous6,5706,570
Change-2.44%-2.44%
Contract 3Current6,3356,335
Previous6,5456,545
Change-3.21%-3.21%
Contract 4Current6,365n.s
Previous6,4956,495
Change-2.00%N/A
Contract 5Current6,400n.s
Previous6,5406,540
Change-2.14%N/A
Contract 6Current6,475n.s
Previous6,405n.s
Change1.09%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.