HOME
MENU
  1. home
  2. Markets
  3. SGX-NZX Dairy Derivatives
  4. Global Dairy Trade
  5. GDT Price Reports

Contact Us

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 (TE391)

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

Products
TE 391
TE 390
Change
WMP Regular NZ – C23,4753,580-2.93%
SMP Medium Heat NZ – C22,5702,5550.59%
AMF Premium 210kg drum – NZ/AU C26,9007,115-3.02%
BTR Unsalted 25kg – NZ C26,3706,750-5.63%

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 1Current3,5153,610
Previous3,6003,695
Change-2.36%-2.30%
Contract 2Current3,4753,570
Previous3,5803,675
Change-2.93%-2.86%
Contract 3Current3,4653,560
Previous3,5653,660
Change-2.81%-2.73%
Contract 4Current3,4653,590
Previous3,5503,645
Change-2.39%-1.51%
Contract 5Current3,4753,590
Previous3,6003,705
Change-3.47%-3.10%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,580n.s
Previous2,565n.s
Change0.58%N/A
Contract 2Current2,570n.s
Previous2,5552,575
Change0.59%N/A
Contract 3Current2,565n.s
Previous2,5502,575
Change0.59%N/A
Contract 4Current2,580n.s
Previous2,5902,590
Change-0.39%N/A
Contract 5Current2,570n.s
Previous2,6152,615
Change-1.72%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 1Current7,1857,170
Previous7,1707,230
Change0.21%-0.83%
Contract 2Current6,9006,825
Previous7,1157,040
Change-3.02%-3.05%
Contract 3Current6,8556,780
Previous6,9956,920
Change-2.00%-2.02%
Contract 4Current6,8556,780
Previous6,9506,875
Change-1.37%-1.38%
Contract 5Current6,9256,850
Previous7,0256,950
Change-1.42%-1.44%
Contract 6Current7,0456,970
Previous6,950n.s
Change1.37%N/A

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current6,4756,475
Previous6,8256,825
Change-5.13%-5.13%
Contract 2Current6,3706,370
Previous6,7506,750
Change-5.63%-5.63%
Contract 3Current6,4056,405
Previous6,6356,685
Change-3.47%-4.19%
Contract 4Current6,4856,485
Previous6,650n.s
Change-2.48%N/A
Contract 5Current6,6156,570
Previous6,6256,625
Change-0.15%-0.83%
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.