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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 (TE405)

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

Products
TE 405
TE 404
Change
WMP Regular NZ – C23,7003,740-1.07%
SMP Medium Heat NZ – C23,5103,610-2.77%
AMF Premium 210kg drum – NZ/AU C26,8656,3607.94%
BTR Unsalted 25kg – NZ C26,1305,8404.97%

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 1Current3,7253,845
Previous3,770n.s
Change-1.19%N/A
Contract 2Current3,7003,795
Previous3,7403,835
Change-1.07%-1.04%
Contract 3Current3,6503,745
Previous3,7853,880
Change-3.57%-3.48%
Contract 4Current3,6453,740
Previous3,7603,855
Change-3.06%-2.98%
Contract 5Current——
Previous——
ChangeN/AN/A
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current3,6753,840
Previous3,6803,755
Change-0.14%2.26%
Contract 2Current3,5103,715
Previous3,6103,765
Change-2.77%-1.33%
Contract 3Current3,5603,590
Previous3,6353,710
Change-2.06%-3.23%
Contract 4Current3,6153,640
Previous3,6103,725
Change0.14%-2.28%
Contract 5Current——
Previous——
ChangeN/AN/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 1Current6,5756,500
Previous6,3856,310
Change2.98%3.01%
Contract 2Current6,8656,790
Previous6,3606,285
Change7.94%8.04%
Contract 3Current6,6706,470
Previous6,3806,350
Change4.55%1.89%
Contract 4Current6,4656,435
Previous6,3756,255
Change1.41%2.88%
Contract 5Current——
Previous——
ChangeN/AN/A
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current5,8505,885
Previous5,775n.s
Change1.30%N/A
Contract 2Current6,130n.s
Previous5,8405,955
Change4.97%N/A
Contract 3Current5,8705,905
Previous5,770n.s
Change1.73%N/A
Contract 4Current5,6655,705
Previous5,850n.s
Change-3.16%N/A
Contract 5Current——
Previous——
ChangeN/AN/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.