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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.
Butter (Butter)
Trading Event 401 will begin at 12:00 hours UTC/GMT on Tuesday, 07 April, which is 00:00 NZST on Wednesday, 08 April 2026
Fonterra NZ Offer Quantities and Starting Prices Butter
| Shipment Months at Seller Ports | ||||||
Contract 1(May 26) | Contract 2(Jun 26) | Contract 3(Jul 26) | Contract 4(Aug 26) | Contract 5(Sep 26) | Contract 6(Oct 26) | |
| Butter (Butter) | ||||||
| Sales Group Minimum Supply (MT) | 45 | 565 | 180 | 90 | 0 | 0 |
| Sales Group Maximum Supply (MT) | 50 | 630 | 200 | 100 | 0 | 0 |
| Product Minimum Supply (MT) | ||||||
| Salted 25kg - NZ | 0 | 0 | 0 | 0 | 0 | 0 |
| Unsalted 25kg - NZ | 0 | 0 | 0 | 0 | 0 | 0 |
| Product Maximum Supply (MT) | ||||||
| Salted 25kg - NZ | 50 | 630 | 200 | 100 | 0 | 0 |
| Unsalted 25kg - NZ | 50 | 630 | 200 | 100 | 0 | 0 |
| Starting Price (USD/MT, FAS) | ||||||
| Salted 25kg - NZ | $6,040 | $5,930 | $5,980 | $5,905 | — | — |
| Unsalted 25kg - NZ | $6,040 | $5,930 | $5,980 | $5,905 | — | — |
Forecast Information - Fonterra NZ Butter
| Forecast Offer Quantities (MT) | ||||||
| Trading Event | TE 402 | TE 403 | TE 404 | TE 405 | Forecast | Change on Previous Forecast |
| Date | 22 Apr 26, NZST | 06 May 26, NZST | 20 May 26, NZST | 03 Jun 26, NZST | ||
| Fonterra | 12 Month | |||||
| Contract 1 | 50 | 100 | 100 | 100 | 3,650 | 0 |
| Contract 2 | 630 | 625 | 625 | 300 | 22,560 | 0 |
| Contract 3 | 200 | 100 | 100 | 225 | 11,400 | 0 |
| Contract 4 | 100 | 100 | 100 | 125 | 5,125 | 0 |
| Contract 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contract 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Totals | 980 | 925 | 925 | 750 | 42,735 | 0 |
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