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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 407 will begin at 12:00 hours UTC/GMT on Tuesday, 07 July, which is 00:00 NZST on Wednesday, 08 July 2026
Fonterra NZ Offer Quantities and Starting Prices Butter
| Shipment Months at Seller Ports | ||||||
Contract 1(Aug 26) | Contract 2(Sep 26) | Contract 3(Oct 26) | Contract 4(Nov 26) | Contract 5(Dec 26) | Contract 6(Jan 27) | |
| Butter (Butter) | ||||||
| Sales Group Minimum Supply (MT) | 90 | 495 | 250 | 270 | 0 | 0 |
| Sales Group Maximum Supply (MT) | 100 | 550 | 275 | 300 | 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 | 100 | 550 | 275 | 300 | 0 | 0 |
| Unsalted 25kg - NZ | 100 | 550 | 275 | 300 | 0 | 0 |
| Starting Price (USD/MT, FAS) | ||||||
| Salted 25kg - NZ | $5,115 | $5,130 | $4,810 | $4,775 | — | — |
| Unsalted 25kg - NZ | $5,115 | $5,130 | $4,810 | $4,775 | — | — |
Forecast Information - Fonterra NZ Butter
| Forecast Offer Quantities (MT) | ||||||
| Trading Event | TE 408 | TE 409 | TE 410 | TE 411 | Forecast | Change on Previous Forecast |
| Date | 22 Jul 26, NZST | 05 Aug 26, NZST | 19 Aug 26, NZST | 02 Sep 26, NZST | ||
| Fonterra | 12 Month | |||||
| Contract 1 | 100 | 100 | 100 | 300 | 3,650 | 0 |
| Contract 2 | 550 | 1,150 | 1,150 | 1,275 | 22,560 | 0 |
| Contract 3 | 275 | 750 | 750 | 650 | 11,400 | 0 |
| Contract 4 | 300 | 325 | 325 | 350 | 5,125 | 0 |
| Contract 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contract 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Totals | 1,225 | 2,325 | 2,325 | 2,575 | 42,735 | 0 |
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