HOME
MENU
  1. home
  2. Markets
  3. SGX-NZX Dairy Derivatives
  4. Global Dairy Trade
  5. GDT Price Reports

Contact Us

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 (TE371)

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

Products
TE 371
TE 370
Change
WMP Regular NZ – C23,7503,830-2.09%
SMP Medium Heat NZ – C22,7352,790-1.97%
AMF Premium 210kg drum – NZ/AU C27,1757,190-0.21%
BTR Unsalted 25kg – NZ C26,7906,5204.14%

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 1Current3,7903,885
Previous3,8653,960
Change-1.94%-1.89%
Contract 2Current3,7503,845
Previous3,8303,930
Change-2.09%-2.16%
Contract 3Current3,7453,845
Previous3,8453,940
Change-2.60%-2.41%
Contract 4Current3,7753,870
Previous3,8503,945
Change-1.95%-1.90%
Contract 5Current3,8353,950
Previous3,8703,965
Change-0.90%-0.38%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,805n.s
Previous2,795—
Change0.36%N/A
Contract 2Current2,7352,750
Previous2,7902,795
Change-1.97%-1.61%
Contract 3Current2,6952,760
Previous2,7852,795
Change-3.23%-1.25%
Contract 4Current2,7302,755
Previous2,8202,820
Change-3.19%-2.30%
Contract 5Current2,7752,785
Previous2,8452,845
Change-2.46%-2.11%
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 1Current7,4507,375
Previous7,4707,365
Change-0.27%0.14%
Contract 2Current7,1757,100
Previous7,1907,115
Change-0.21%-0.21%
Contract 3Current7,1357,120
Previous7,3007,275
Change-2.26%-2.13%
Contract 4Current7,1657,090
Previous7,3057,300
Change-1.92%-2.88%
Contract 5Current7,2257,095
Previous7,5157,440
Change-3.86%-4.64%
Contract 6Current7,2907,150
Previous7,5007,435
Change-2.80%-3.83%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current6,8156,815
Previous6,5756,575
Change3.65%3.65%
Contract 2Current6,7906,790
Previous6,5206,520
Change4.14%4.14%
Contract 3Current6,6956,695
Previous6,5906,590
Change1.59%1.59%
Contract 4Current6,7506,785
Previous6,6356,635
Change1.73%2.26%
Contract 5Current6,685n.s
Previous6,690n.s
Change-0.07%N/A
Contract 6Current6,6806,680
Previous6,6506,650
Change0.45%0.45%

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.