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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 (TE402)

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

Products
TE 402
TE 401
Change
WMP Regular NZ – C23,6253,650-0.68%
SMP Medium Heat NZ – C23,5253,4851.15%
AMF Premium 210kg drum – NZ/AU C26,3307,020-9.83%
BTR Unsalted 25kg – NZ C25,8156,400-9.14%

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 1Current3,6403,735
Previous3,6353,765
Change0.14%-0.80%
Contract 2Current3,6253,720
Previous3,6503,745
Change-0.68%-0.67%
Contract 3Current3,6203,715
Previous3,6453,740
Change-0.69%-0.67%
Contract 4Current3,6753,770
Previous3,7353,830
Change-1.61%-1.57%
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 1Current3,5103,570
Previous3,5903,800
Change-2.23%-6.05%
Contract 2Current3,5253,525
Previous3,4853,715
Change1.15%-5.11%
Contract 3Current3,4903,520
Previous3,5653,670
Change-2.10%-4.09%
Contract 4Current3,5103,535
Previous3,5753,650
Change-1.82%-3.15%
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 1Current6,4456,370
Previous6,8756,800
Change-6.25%-6.32%
Contract 2Current6,3306,255
Previous7,0206,945
Change-9.83%-9.94%
Contract 3Current6,4206,295
Previous7,2107,135
Change-10.96%-11.77%
Contract 4Current6,7506,675
Previous7,4057,330
Change-8.85%-8.94%
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 1Current5,885n.s
Previous6,625n.s
Change-11.17%N/A
Contract 2Current5,8155,815
Previous6,4006,400
Change-9.14%-9.14%
Contract 3Current5,9505,990
Previous6,5556,555
Change-9.23%-8.62%
Contract 4Current6,150n.s
Previous6,6506,650
Change-7.52%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.