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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 (TE399)

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

Products
TE 399
TE 398
Change
WMP Regular NZ – C23,8153,6554.38%
SMP Medium Heat NZ – C23,3202,98011.41%
AMF Premium 210kg drum – NZ/AU C27,1656,7506.15%
BTR Unsalted 25kg – NZ C26,8506,4256.61%

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 1Current3,8103,935
Previous3,6803,775
Change3.53%4.24%
Contract 2Current3,8153,910
Previous3,6553,750
Change4.38%4.27%
Contract 3Current3,8403,960
Previous3,6703,765
Change4.63%5.18%
Contract 4Current3,9104,005
Previous3,7003,795
Change5.68%5.53%
Contract 5Current——
Previous——
ChangeN/AN/A
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current3,355n.s
Previous3,030n.s
Change10.73%N/A
Contract 2Current3,320n.s
Previous2,980n.s
Change11.41%N/A
Contract 3Current3,300n.s
Previous2,985n.s
Change10.55%N/A
Contract 4Current3,315n.s
Previous3,080n.s
Change7.63%N/A
Contract 5Current——
Previous——
ChangeN/AN/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 1Current7,2907,215
Previous6,8406,765
Change6.58%6.65%
Contract 2Current7,1657,090
Previous6,7506,675
Change6.15%6.22%
Contract 3Current7,0957,020
Previous6,8056,860
Change4.26%2.33%
Contract 4Current7,0807,145
Previous6,6806,605
Change5.99%8.18%
Contract 5Current——
Previous——
ChangeN/AN/A
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current6,870n.s
Previous6,640n.s
Change3.46%N/A
Contract 2Current6,8506,890
Previous6,4256,555
Change6.61%5.11%
Contract 3Current6,8456,900
Previous6,5556,555
Change4.42%5.26%
Contract 4Current6,920n.s
Previous6,7356,735
Change2.75%N/A
Contract 5Current——
Previous——
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.