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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 (TE393)

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

Products
TE 393
TE 392
Change
WMP Regular NZ – C23,3303,405-2.20%
SMP Medium Heat NZ – C22,5202,565-1.75%
AMF Premium 210kg drum – NZ/AU C25,9456,560-9.38%
BTR Unsalted 25kg – NZ C25,1405,860-12.29%

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 1Current3,3053,400
Previous3,4103,505
Change-3.08%-3.00%
Contract 2Current3,3303,425
Previous3,4053,500
Change-2.20%-2.14%
Contract 3Current3,3203,415
Previous3,4103,505
Change-2.64%-2.57%
Contract 4Current3,3553,450
Previous3,4103,535
Change-1.61%-2.40%
Contract 5Current3,3753,485
Previous3,4503,545
Change-2.17%-1.69%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,5202,520
Previous2,550n.s
Change-1.18%N/A
Contract 2Current2,5202,565
Previous2,5652,565
Change-1.75%N/A
Contract 3Current2,5102,560
Previous2,5502,560
Change-1.57%N/A
Contract 4Current2,5302,600
Previous2,5652,565
Change-1.36%1.36%
Contract 5Current2,5202,580
Previous2,5502,565
Change-1.18%0.58%
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 1Current6,1456,070
Previous6,6856,610
Change-8.08%-8.17%
Contract 2Current5,9455,870
Previous6,5606,485
Change-9.38%-9.48%
Contract 3Current5,9255,850
Previous6,5156,440
Change-9.06%-9.16%
Contract 4Current5,7805,885
Previous6,5756,500
Change-12.09%-9.46%
Contract 5Current5,8405,765
Previous6,6456,570
Change-12.11%-12.25%
Contract 6Current5,880n.p
Previous6,6956,620
Change-12.17%-15.03%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current5,1955,195
Previous6,0006,000
Change-13.42%-13.42%
Contract 2Current5,1405,140
Previous5,8605,860
Change-12.29%-12.29%
Contract 3Current5,1555,195
Previous5,9355,935
Change-13.14%-12.47%
Contract 4Current5,380n.s
Previous6,0306,030
Change-10.78%N/A
Contract 5Current——
Previous6,240n.s
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.