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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 (TE382)

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

Products
TE 382
TE 381
Change
WMP Regular NZ – C24,0654,180-2.75%
SMP Medium Heat NZ – C22,7802,825-1.59%
AMF Premium 210kg drum – NZ/AU C27,2957,350-0.75%
BTR Unsalted 25kg – NZ C28,2757,8006.09%

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 1Current4,0754,465
Previous4,2454,490
Change-4.00%-0.56%
Contract 2Current4,0654,415
Previous4,1804,510
Change-2.75%-2.11%
Contract 3Current3,9854,200
Previous4,0654,310
Change-1.97%-2.55%
Contract 4Current3,9504,055
Previous4,0104,105
Change-1.50%-1.22%
Contract 5Current3,9304,045
Previous4,0154,110
Change-2.12%-1.58%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,845n.s
Previous2,850n.s
Change-0.18%N/A
Contract 2Current2,7802,780
Previous2,8252,855
Change-1.59%-2.63%
Contract 3Current2,785n.s
Previous2,820n.s
Change-1.24%N/A
Contract 4Current2,8002,800
Previous2,855n.s
Change-1.93%N/A
Contract 5Current2,7752,775
Previous2,870n.s
Change-3.31%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 1Current7,4407,365
Previous7,3607,285
Change1.09%1.10%
Contract 2Current7,2957,220
Previous7,3507,275
Change-0.75%-0.76%
Contract 3Current7,3707,295
Previous7,5007,485
Change-1.73%-2.54%
Contract 4Current7,3407,300
Previous7,3857,265
Change-0.61%0.48%
Contract 5Current7,0707,060
Previous7,4057,330
Change-4.52%-3.68%
Contract 6Current7,075n.s
Previousn.s7,295
ChangeN/AN/A

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current8,460n.s
Previous8,0508,050
Change5.09%N/A
Contract 2Current8,275n.s
Previous7,8007,880
Change6.09%N/A
Contract 3Current7,890n.s
Previous7,6307,630
Change3.41%N/A
Contract 4Current7,305n.s
Previous7,520n.s
Change-2.86%N/A
Contract 5Current7,220n.s
Previous7,540n.s
Change-4.24%N/A
Contract 6Current7,2707,235
Previous7,455n.s
Change-2.48%N/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.